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In the past three years, an artificial intelligence (AI) boom has consumed a lot of the tech world, with some even calling it the most transformational technology since the internet became mainstream. Generative AI apps like ChatGPT have become a regular part of millions of people's daily lives, and businesses scrambled to incorporate AI into their products and services.
Although Palantir (NYSE: PLTR) stock is facing short-term losses, insider selling has accelerated in recent months as executives moved to lock in profits.
I'm about to suggest some very promising "monster" stocks you might want to hold over the coming decade. They're not all monster-ish in the same way, as you'll see, but they each have great potential to deliver a monstrously wonderful performance in the years ahead.
Remember when special purpose acquisition companies (SPACs) dominated Wall Street headlines just a few years ago?
Key Points in This Article: Palantir Technologies (PLTR) dropped 15% in two weeks despite an earnings beat and a $10 billion Army contract, driven by its high forward P/E of 100.
By now, you've probably heard the news: Last month, rising defense technology star Palantir Technologies (PLTR 1.60%) won a $10 billion contract from the U.S. Army, consolidating 75 separate, smaller contracts into a single award, guaranteeing Palantir about $1 billion in annual revenue for the next 10 years.
The investor love affair with Palantir Technologies (PLTR 1.60%) may be ending. Its stock has quickly fallen 17% from all-time highs but still trades at a blistering price-to-sales ratio (P/S) of 112 with a market cap of $385 billion, making the stock wildly overvalued.
Sometimes small investments can hit big. For stocks with high risks, but high potential rewards, you likely don't want to bet the farm.
With shares up a jaw-dropping 107% so far this year, Palantir Technologies (PLTR 1.60%) continues to prove the naysayers wrong as shares surge despite claims of overvaluation. The business is booming as public and private sector clients adopt its data analytics solutions powered by artificial intelligence (AI).
Palantir Technologies (PLTR 1.60%) is one of the most popular artificial intelligence (AI) stocks in the market. It has been an absolute rocket ship and has more than doubled this year.