AI New Powerhouse" Palantir Continues Its Surge... "Upward Trend to Persist


 

Palantir's dominance in AI stocks is on the rise, gaining attention from individual investors and analysts alike / ImageToday

Palantir Technologies, an American company specializing in big data analysis and AI-driven software development, is currently experiencing a remarkable surge in its stock price, capturing the attention of global investors. The company's stock price recently surpassed $100, sparking significant interest, particularly among individual investors (often referred to as "Seohakgaemi") who are investing in U.S. stocks. In the past three months, these investors have made significant purchases of Palantir shares, amounting to a total of $609 million (approximately 8.7 trillion KRW), making Palantir the second-most purchased stock, only behind Tesla.

On February 6, Palantir's stock price soared by 9.79%, closing at $111.28 on the New York Stock Exchange. This increase followed a 24% spike in its stock price on February 4, when it exceeded the $100 mark for the first time since its listing.

Palantir has been making waves in the AI sector due to its focus on big data analytics and AI-based software solutions. The company recently reported impressive financial results for Q4 of the previous year. It posted a revenue of $828 million, surpassing market expectations by 27%, and an operating income of $370 million, exceeding projections by 23%. These outstanding results have strengthened Palantir's position as one of the leading AI stocks in the market.

Analysts are increasingly viewing Palantir as one of the new frontrunners in the AI-driven stock market surge. Hwang Su-uk, a researcher at Meritz Securities, believes that the decrease in costs due to the commercialization of AI models is boosting expectations for the AI software industry. Despite concerns about Palantir's high valuation, Hwang suggests that its position as a market leader, similar to Nvidia and Tesla, will continue to justify its valuation and maintain its upward trajectory.

Na Jeong-hwan, a researcher at NH Investment & Securities, also notes that the strong performance of AI software stocks is largely driven by partnerships and collaborations, such as the recent developments with OpenAI's CEO Sam Altman. Na forecasts that the AI cycle will shift from business-to-business (B2B) hardware to B2B software, positioning companies like Palantir for continued success.

Additionally, asset management firms have recognized Palantir's potential, incorporating the company into various exchange-traded funds (ETFs). Kiwoom Investment Management will be listing the "KIWOOM Palantir US 30-Year Treasury Bond Mixed Active (H)" ETF on February 11, which will include Palantir as a key component. Meanwhile, Korea Investment Trust Management added Palantir to its "ACE Tesla Value Chain Active" ETF during a rebalancing last month, further demonstrating the growing belief in Palantir's long-term growth prospects.

The stock's impressive performance and the continued optimism from both analysts and investors highlight Palantir's prominence in the AI-driven stock market boom. As the AI sector continues to evolve, Palantir is expected to remain a key player, poised to capitalize on the ongoing trends in AI software development. For investors looking to diversify their portfolios, Palantir stands out as a prime candidate for exposure to the rapidly expanding AI market.

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