Palantir is Profitable and an A.I. Data Analytics Stock to Watch
National Defense and Healthcare will be good sectors in the 2020s.
Hey Everyone,
So against better judgement, I’m bullish on Palantir. The company also reported its first quarter of positive GAAP income at $31 million. I like their roadmap that includes offering value to the Healthcare industry.
I am pretty bullish on the positive impact of A.I. in healthcare.
PLTR 0.00%↑ is up 20% and more in pre-market trading.
Palantir Technologies said it expects 2023 to be its first profitable year as the maker of data analytics software benefits from cost cuts and the artificial intelligence boom.
I actually think Palantir will be okay and make some important contributions not just to NAtional Defense but to the healthcare industry over time. Palantir’s revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 12%. The software company, which is known for its work with the government, said its US commercial customer count increased 79% year over year, growing from 80 customers to 143.
Palantir is not at all what you think, it’s long-term scope is in my opinion bigger than it has appeared in years. From meme stock in the past to something a little bit noticeable for serious investors.
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