Caught the Wave? Palantir Rebounds 390% from the Low – Will PLTR's Upward Trend Continue?
Do you know how much $Palantir Technologies Inc.(PLTR)$ has rebounded from its lowest point so far today? 390%!!!
Investors who successfully bought the dip are making a fortune, and “Palantard” has also recovered from its slump!
Fueled by enthusiasm for artificial intelligence and growing U.S. government contracts, Palantir's stock has skyrocketed over 70% this year alone, a new 52w high again!
Let's take a look!
Congratulations to Our Top Performers
@liying86 for an outstanding 230.95% return on PLTR. 👏👏👏
@shihou.hayashi for an impressive 129.15% return on PLTR. 👏👏👏
We invite everyone to share their experiences with this trade. 💪
Why is PLTR a Key AI Stock?
Building AI models requires vast amounts of data. Every machine learning model, including ChatGPT, relies on extensive datasets for training. This is where Palantir excels. The company aids businesses in integrating data, making it usable, and offering analytics and cybersecurity services.
With the growing dependency on data, driven by AI and other business improvements, Palantir's demand is set to soar.
Palantir offers its services through three platforms: Gotham, Foundry, and Apollo.
Gotham: Integrates, cleans, and manages data, providing visualization and analytics while emphasizing security. Favored by government agencies for applications like counterterrorism, law enforcement, and emergency management.
Foundry: Transforms complex data into actionable insights for enterprise clients, used widely by data scientists and analysts.
Apollo: Deploys software in various environments, monitors performance, and ensures compliance with industry standards and security controls.
Palantir made headlines in April 2023 with the launch of its Artificial Intelligence Platform (AIP). The company describes it as a tool built for the modern era, capable of automating data integration, cleaning, and transformation, thus reducing the technical expertise needed to interact with data.
Palantir offers specialized machine learning models directly within its platform. For example, analysts working for the military can use ChatGPT-like language models to gain insights from data.
Palantir AIP Use Cases
Will PLTR's upward trend continue?
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Currently, my average cost stands at $11.25. As of 19 July (before US market opens), it is 154.57% above my cost price.
I'm keeping it for the long-term no matter what negative news comes along as I believe its services are always required for security reasons in organisations and governments.
Congratulations! It still lots of time with the $50 target
Two days of a bloodbath make it easier to identify stocks with relative strength
pltr is turning into one of the biggest inverse head and shoulders I've ever seen.