Why Palantir Stock Triumphed on Tuesday
There is opportunity in distress, at least as far as Palantir Technologies (NYSE: PLTR) is concerned. On Tuesday, a Bank of America Securities analyst pointed out that the next-generation data analytics company stands to benefit mightily from increasing worries about user-privacy rights from an emerging technology.
This argument very much landed with investors, who promptly bid the company stock up by nearly 9% on the day.
In a new research note, BofA prognosticator Mariana Pérez Mora wrote about the growing controversy over how websites and other entities use facial recognition technology (FRT) data. As with other types of data, many are concerned with potential bad actors misusing their digital likenesses for nefarious ends. That concern is only going to grow as FRT becomes more accessible and, therefore, commonplace.
Source Fool.com
