Could This $6 AI Stock Make You 100X Richer?
Sponsored
Based on our research, we are at the starting point of the “Next Big Thing.” Bigger than 5G… electric cars… streaming media… and crypto. COMBINED. We're talking about a far BIGGER, $150 trillion opportunity. Folks like Bill Gates, Jeff Bezos, and Warren Buffett are singing the praises of Artificial Intelligence. And while everyone is talking about ChatGPT and NVIDIA… The real opportunity centers on an under-the-radar $6 AI Wonder Stock no one is talking about. We have reason to believe its share price could go ballistic in the coming days and weeks. Will it go up by 10… 25… even 50 times? Time will tell. Click here to get our No 1 AI investment recommendation of the decade.
P.S. Don't invest another dime in NVIDIA, Microsoft, Google, or any of the other big boys. This one has the potential to be 100x bigger than all those – COMBINED. Click here for the full story.
Palantir Technologies (PLTR) jumped again on Wednesday, adding to its growing win streak. The stock was up as much as 12.3% in early trading and as of 1:50 p.m. ET was still up 11%.
While the upward trajectory of the broader market no doubt helped fuel the gains, the clear catalyst that sent the data mining and artificial intelligence (AI) specialist higher was news the company beat out the competition for a major Army contract.
Palantir was awarded a contract worth $178.4 million to deliver 10 Tactical Intelligence Targeting Access Node, or TITAN systems, which use sensor data to locate targets. However, the contract could be much more lucrative. As my colleague Lou Whiteman pointed out, the initial 10 systems could lead to 100 to 150 more.
The company has a long history of providing AI solutions to the U.S. government and its allies, so this is just the latest in a long line of contract wins.
Is Palantir Technologies stock still a buy?
While this news is welcome, investors should be more excited about another aspect of Palantir's business. The company adapted its existing AI systems to serve the needs of enterprise businesses. The ability of AI to detect patterns buried deep in data has vast implications for large companies. It can help manage inventory levels, suggest product revisions, or detect troubling trends in customer service calls, among many other applications.
The advent of generative AI is right up Palantir's alley, and the company quickly developed a solution to address the increasing demand. In the fourth quarter, this boosted results, as U.S. commercial revenue grew 70% year over year, while its total contract value soared 107%.
Palantir Technologies stock has gained a whopping 215% over the past year and is already up 55% year to date. As a result, traditional valuation metrics look stretched. The stock is selling for 80 times forward earnings and 22 times forward sales, but that doesn't factor in Palantir's impressive growth. Using the more appropriate forward price/earnings-to-growth ratio reveals a valuation of less than 1, the standard for an undervalued stock.
If the demand for AI continues to grow, and I believe it will, Palantir's experience in the field could reap big rewards for the company — and its investors.
AI Cracks Open Largest Untapped Energy Reserve on Earth
Sponsored
This orb represents the largest untapped energy source in the world…
And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… It makes them all look small fry… In fact, just one year of this untapped resource in the USA alone provides 5X as much power as the largest oil field on Earth… And this resource is about to be unleashed on the world like never before with the help of one tiny Silicon Valley company… You see, they've discovered how to use artificial intelligence to crack open this untapped resource … making it available at scale for the entire globe… This breakthrough means this tiny Silicon Valley company is sitting on a trillion-dollar energy reserve… And their revenues are exploding as a result… Yet they're just getting started… Which means I believe the growth ahead could be staggering… If you'd like the chance to get in early with the smart money – click here to watch a free presentation where I reveal all athe details of this lucrative opportunity…
