Analyst Explains Why Palantir Technologies (PLTR) Can Reach $100
2025-04-03T16:43:57.000Z
We recently published a list of Top 10 Stocks to Watch as AI Trade Dynamics Change. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other top stocks to watch as AI trade dynamics change.
Aswath Damodaran from NYU Stern School of Business said in a recent program on CNBC that AI “buzzwords” are not boosting the market anymore as investors grow more concerned about capital spending.
“I’ve said about data centers we’ve gotten way ahead of the game. I mean, the AI product and service business, which ultimately is what has to pay for all of this, has not taken off in any substantial way. I’m hard-pressed to think about any company making significant money from the AI product and service business.”
Damodaran said that the “sobering” of the AI trade started in September last year and the DeepSeek breakthrough in China also had an impact on the industry.
“It’s part of, I think, what you see almost every buzzword in history in the last four decades. I call these the ‘bar mitzvah moment,’ where people wake up and say, ‘Okay, there’s a lot of promise here, but show me something that I can hang my hat on.'”
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Analyst Explains Why Palantir Technologies (PLTR) Can Reach $100
A software engineer manipulating a vast network of code on virtual monitors.
Palantir Technologies Inc (NASDAQ:PLTR)
Number of Hedge Fund Investors: 41
Aquiles Larrea from Larrea Wealth Management said in a recent program on Schwab Network that he’s bullish on Palantir Technologies Inc (NASDAQ:PLTR) and thinks the stock can reach $100.