Palantir Seen Leading Software Peers in Creating AI Value
Dow Jones
Aug 05
1255 ET - Palantir is well ahead of the software pack in converting artificial-intelligence into genuine value, Deutsche Bank analysts write in a note, upgrading the stock to buy. "As much of application software is still trying to prove AI is truly incremental, Palantir increasingly looks like a time traveler, having already arrived in the AI future others are still aspiring towards," the analysts write. "Palantir is delivering a combination of growth, profitability, scale, and AI monetization that most software companies are struggling to find." Palantir shares surge 29%.
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