Technology Sector Ideas

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>>> Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 28


https://finance.yahoo.com/news/12-best-low-priced-technology-132908063.html


Palantir Technologies Inc. (NYSE:PLTR) shares were hammered in 2022 on the back of a broader rotation away from tech stocks. However, Palantir Technologies Inc. (NYSE:PLTR)’s performance has been decent this year. It’s up 25% year to date through March 28.

Palantir Technologies Inc. (NYSE:PLTR) recently said it won a $99.6 million contract from the U.S. State Department. Palantir Technologies Inc. (NYSE: PLTR), under the contract, will provide software services to the Bureau of Medical Services to keep track of the health, safety, and readiness of State Department personnel.

In February, BofA published a list of stocks that can benefit from the latest AI boom. Palantir Technologies Inc. (NYSE:PLTR) made it to the list as BofA is bullish on the company’s “AI-enabled platforms used by both commercial enterprises and governments.”

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