Has Palantir Technologies Stock Peaked at $125? History Paints a Clear Picture of What's to Come.
History weighs in on the likelihood of artificial intelligence (AI)-driven data-mining specialist Palantir maintaining its parabolic climb.
For more than two years, Wall Street has been in a seemingly unstoppable bull market rally. Since the end of 2022, the ageless Dow Jones Industrial Average, widely followed S&P 500 (SNPINDEX: ^GSPC), and growth stock-powered Nasdaq Composite have respectively motored higher by 31%, 57%, and 87%, as of the closing bell on Feb. 21.
While a confluence of factors has been the wind in Wall Street's sails, such as better-than-expected corporate earnings and Donald Trump's November victory, it's the evolution of artificial intelligence (AI) that's inspired this optimism more than anything else.
With AI, software and systems are given the tools to reason, make split-second decisions, and evolve over time, all without the need for human intervention. This capacity to become more proficient over time at assigned tasks, as well as learn new skills, gives this game-changing technology a mouthwatering addressable market.
