The shares of Palantir Technologies Inc., an artificial intelligence software developer, confidently resist the skepticism of Wall Street analysts, who doubt the justification for the high market capitalization of this company and do not show enthusiasm in the context of assessing the prospects for sustainable revenue growth of the firm.
Since the beginning of the current year, the value of stocks of the mentioned brand has demonstrated an increase of more than 250%. It is worth noting that the dynamic of this indicator exceeded the preliminary expectations of Wall Street analysts.
Palantir’s market capitalization is currently at around $134.75 billion.
The company’s revenue for the third quarter of 2024 amounted to $726 million. This indicator increased by 30% year-on-year.
The business prospects of an artificial intelligence software developer have improved on the back of Donald Trump’s victory in the United States presidential election last week. In this context, it is worth noting the currently actively circulating expectations that the administration of Mr. Trump will contribute to the scaling up of the practice of using artificial intelligence and the development of the AI industry as a whole.
It is worth noting that against the background of the active spread of machine intelligence, the issue of cybersecurity has become more relevant. Scammers also have access to artificial intelligence, which is why their activities have become more sophisticated. To counter this threat, personal awareness of users is important. For example, a query in an Internet search engine, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.
