Palantir Stock Soared 167% in 2023, and Dan Ives Says it Could Rise Another 40% This Year
Last year represented one of the sharpest rebounds in recent history for the Nasdaq Composite. A cohort collectively known as the "Magnificent Seven" played a pivotal role in the euphoric narrative surrounding artificial intelligence (AI) -- which sent technology stocks soaring.
But outside of this basket lies several other emerging players in AI. One company that made waves in the space is Palantir Technologies (NYSE: PLTR).
Palantir stock cratered to all-time lows in late 2022 over concerns about stalling growth in its core government business as well as doubts that it will ever penetrate the private sector in a meaningful way.
Source Fool.com
