Will Palantir Technologies Be a Trillion-Dollar Stock by 2030?

Artificial intelligence (AI) has dominated Wall Street's attention since bursting onto the scene roughly two years ago. While Nvidia was arguably the hottest AI stock of 2023, Palantir Technologies (NYSE: PLTR) seems to have taken the lead in this year's race. The stock price has exploded, appreciating over 235% over the past year and roughly 900% since January 2023.What sparked the price jump in 2024? It likely has to do with the company's Artificial Intelligence Platform (AIP), which is a smashing success and has helped ignite profitable and accelerating revenue growth.Now, with Palantir at a $147 billion market cap, is it time for investors to think bigger? Could Palantir become a trillion-dollar company by 2030?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool