3 Reasons Gen Z Likes Palantir Stock

• Palantir's ngo and pioneering relation successful defence tech resonate with younger investors.

• Gen Z seems to beryllium obsessed with Palantir's CEO, Alex Karp.

• 10 stocks we similar amended than Palantir Technologies ›

When OpenAI commercially launched ChatGPT astatine the extremity of November 2022, shares of Palantir Technologies (NASDAQ: PLTR) were trading for $6. Today, the banal is trading for astir $170.

The evident catalyst down Palantir's parabolic emergence is its quality to monetize artificial quality (AI) successful the endeavor bundle environment. One happening that separates Palantir from its peers is its evident entreaty to Gen Z investors.

Below, I'll item 3 reasons down Gen Z's enactment for Palantir and explicate what makes the institution unique.

Younger radical are often disillusioned by gigantic companies successful ample portion owed to their hollow ngo statements and overly firm image. For a procreation exposed to a batch of geopolitical unrest, a concern that's acutely focused connected nationalist information and meaningful problem-solving done the powerfulness of AI makes Palantir interesting.

Supporters spot Palantir arsenic an innovative disruptor to incumbent defence contracting businesses that deficiency a tech-enabled appeal.

Perhaps the biggest origin influencing Gen Z's affinity for Palantir is the company's CEO, Alex Karp. Karp is the other of galore nationalist institution CEOs. Instead of speechmaking from a publication that a PR enforcement drew up, Karp shares his earthy thoughts.

During net calls and interviews, it is not uncommon for Karp to spell connected an intense, philosophical rant to explicate what helium thinks makes Palantir superior to endeavor bundle dinosaurs.

Karp's unpolished quality resonates with Gen Z, arsenic they presumption the laminitis arsenic much of a firm influencer alternatively than an unrelatable, media-trained suit.

Long earlier organization investors with billions of dollars successful assets nether absorption (AUM) took a liking to the stock, Palantir was a favourite connected societal media and online concern chatrooms astir Reddit where young radical -- and others -- interact.

For Main Street, Palantir is much than a random presumption successful a portfolio. There is simply a assemblage facet to Palantir -- 1 that shares a imaginativeness astir a misunderstood institution that was erstwhile glossed implicit by the alleged "smart money" connected Wall Street.

The thought of being an aboriginal backer and supporting thing generational earlier everyone other matters to Gen Z.