Palantir Technologies Is a Stone's Throw From Making Dubious History -- and Decades of Precedent Tells Us What Happens Next
When things appear too good to be true, they often are on Wall Street.
On Tuesday, Feb. 18, the benchmark S&P 500 rallied to yet another record-closing high. For more than two years, the bulls have had a tight grip on Wall Street's proverbial reins, with optimists being handsomely rewarded.
Catalysts have been abundant, with everything from excitement surrounding stock splits in influential businesses to Donald Trump's return to the White House fueling gains. But standing atop the pedestal of catalysts is the rise of artificial intelligence (AI).
Empowering software and systems with the ability to reason, act, and evolve over time without the need for human intervention gives AI potential utility in almost every industry around the globe. According to the analysts at PwC in Sizing the Prize, this is a technology that can increase global gross domestic product by 26% ($15.7 trillion) come 2030.
