Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says
Palantir stock is set to pop in the next year as the tech firm erects an artificial intelligence"fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday.
The data software firm, which has been funded in part by the CIA's In-Q-Tel venture capital arm, is the"Messi" of AI, Ives said, referring to Argentine soccer superstar Lionel Messi. Given Palantir's wide roster of partners in both the public and private spheres, Wedbush sees the next six to 12 months as a period of significant expansion for the company as it serves the growing demand for enterprise-scale large language AI models.
Palantir CEO Alex Karp has been a vocal proponent of the rapid development of AI even in the face of risks associated with the technology.this week, he wrote that AI will shape political developments in this century in the same way that nuclear weapons drove geopolitics in the last century. He cautioned that there are risks, but they should not deter the continued advancement of AI.
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