Palantir Technologies (PLTR) stock has experienced a remarkable 400% surge since its December 2022 low. Recently, the stock has broken through the psychological resistance level of $30, a key milestone suggesting renewed investor confidence. However, the question remains: is this a sustainable breakout or a temporary spike? This article explores the recent market dynamics surrounding Palantir and examines the potential for future growth.
Palantir Technologies (PLTR) shares have surged in recent weeks, reaching new 52-week highs driven by strong second-quarter earnings, increased guidance, new partnerships, and positive analyst sentiment. The company’s AI data platform is seeing significant traction in both the commercial and government sectors.
Palantir CEO Alex Karp has attributed the rise of former President Donald Trump to the actions of Silicon Valley, specifically citing the tech industry’s detachment from everyday Americans and their support for policies that benefit them at the expense of others. Karp also criticized the lack of accountability and divisive content on tech platforms.
Oracle (NYSE: ORCL) is an AI and cloud computing specialist that has been largely overlooked by investors, offering a potential hidden gem for your portfolio. Its partnership with Palantir Technologies and significant investment in Japan make Oracle a compelling long-term opportunity.
