Strong Earnings Report Lifted Palantir Technologies (PLTR) in Q1

In its first-quarter 2025 capitalist letter, Ithaka US Growth Strategy highlighted stocks specified arsenic Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys bundle platforms for the quality community. The one-month instrumentality of Palantir Technologies Inc. (NASDAQ:PLTR) was 35.39%, and its shares gained 421.85% of their worth implicit the past 52 weeks. On April 28, 2025, Palantir Technologies Inc. (NASDAQ:PLTR) banal closed astatine $114.65 per stock with a marketplace capitalization of $268.9 billion.

Ithaka US Growth Strategy stated the pursuing regarding Palantir Technologies Inc. (NASDAQ:PLTR) successful its Q1 2025 capitalist letter:

"From the front-lines of warzones to Fortune 500 enterprises, Palantir Technologies Inc. (NASDAQ:PLTR) builds bundle to code high-level enactment items, respond to defence and information concerns, and amended organizational efficiency. The institution offers a fig of bundle products from information investigation and curation (Palantir Gotham and Foundry) to a cloud-based operations bundle (Apollo). The institution roseate to popularity, successful part, owed to respective authorities contracts (~55% of revenues) arising from caller and continuous planetary conflicts. In summation to creating generative AI defence solutions for governments crossed the globe, commercialized customers (~45% of revenues) person flocked to the company’s information and information investigation solutions to show and analyse concern information and support delicate information. The stock’s emergence successful the 4th was owed to a beardown net study that bushed Street expectations arsenic good arsenic capitalist excitement with respect to the company’s quality to further monetize its AI merchandise crossed its increasing lawsuit base."

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Palantir Technologies Inc. (NASDAQ:PLTR) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge money portfolios held Palantir Technologies Inc. (NASDAQ:PLTR) astatine the extremity of the 4th quarter, compared to 43 successful the 3rd quarter. While we admit the imaginable of Palantir Technologies Inc. (NASDAQ:PLTR) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.