Palantir Technologies & AMD Leading the AI Revolution
The article on 24/7 Wall St. highlights how Palantir Technologies could be a major player in the ongoing AI rally. Known for its advanced data analytics capabilities, Palantir Technologies is exceptionally well-positioned as one of the key AI stocks to watch, capitalizing on the growing demand for AI solutions across various industries.
Alongside Palantir, Advanced Micro Devices (AMD) is also emerging as a key player, benefiting from the rising demand for AI-powered PCs and data centers.
In the past year, Palantir’s stock has more than doubled, driven by its ability to help major companies like Lowe’s, Cleveland Clinic, and General Mills save time and money. For instance, Palantir’s software streamlines customer service tasks for Lowe’s, aids Cleveland Clinic in estimating bed capacity and demand, and enhances General Mills’ supply chain management, saving the company $14 million annually.
The AI market is projected to reach $826 billion by 2030, making it a high-growth sector with substantial investment potential. According to Reuters, Palantir will “be the first industry partner to deploy Microsoft Azure OpenAI Service in classified environments,” as stated by CTO Shyam Sankar, further cementing its role as a leader in the AI industry.
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