Can Palantir Become a Trillion-Dollar Stock by 2030?
Dan Ives of Wedbush Securities just placed a trillion-dollar valuation on Palantir.
Applications involving artificial intelligence (AI) seem to be evolving by the day. While it's obvious that different facets of the technology world can be enhanced through AI, it's become apparent that enterprise software is a particularly enormous opportunity.
When it comes to AI's biggest trendsetters, investors don't need to look much further than Nvidia, Microsoft, Alphabet, or Amazon. These trillion-dollar companies have large and growing AI software platforms, but none of them is solely a software business. Rather, each "Magnificent Seven" member above has businesses spanning chips, personal computing, advertising, cloud infrastructure, e-commerce, gaming, and more.
Recently, Dan Ives of Wedbush Securities suggested that Palantir Technologies (NASDAQ: PLTR) could become a trillion-dollar company within the next few years. Should that happen, Palantir would be the first pure-play enterprise software company to gain entrance to the trillion-dollar club.
