We recently published a list 10 AI stocks to watch based on latest news and analyst ratings. In this article, we'll take a look at where Palantir Technologies, Inc. (NYSE:PLTR) stands compared to other AI stocks, focusing on the latest news and analyst ratings.
Online AI discussion boards are abuzz with new developments as technology experts point out that the performance of artificial intelligence applications may be reaching a plateau.
On her latest show, CNBC's Deirdre Botha quotes technology investor Ben Horowitz, who said on a recent podcast that he hasn't seen any performance gains despite adding more GPUs. Ta.
“We're increasing GPUs at the same rate, but we're not getting any intelligence gains.”
OpenAI is also reportedly facing similar issues with its upcoming AI models.
“The Information reports that the improvement in quality of OpenAI’s next advanced model, Orion, is smaller than the jump seen between its two previous flagship models, GPT-3 and GPT-4. For example, generational progress may be at its peak because there is an inherent lack of data for models to train on,” Botha said.
While the next breakthrough in AI performance is far in the future, the potential this technology unlocks based on existing data and resources is keeping investors and Wall Street analysts busy.
Also read: Jim Cramer's latest Lightning Round: 11 stocks to watch and Jim Cramer talks about AMD and other stocks.
In this article, we will look at AI stocks that are trending and attracting attention based on the latest news and analyst ratings. For each stock, we mentioned the number of hedge fund investors. Why are we interested in stocks that hedge funds invest in? The reason is simple. Our research shows that by mimicking the top stock picks of the best hedge funds, you can outperform the market. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, outperforming the benchmark by 150 percentage points. (Click here for details).
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Number of hedge fund investors: 44
Jefferies recently downgraded Palantir Tech (NYSE:PLTR) from a “hold” rating to an “underperform” rating, citing concerns about the stock's overvaluation, indicating the company is awaiting a more favorable entry point. Ta.
The investment firm set a price target on the stock at $28.
Analysts led by Brent Till admitted they underestimated the surge in momentum that Palantir Tech (NYSE:PLTR) generated after implementing its Artificial Intelligence Platform (AIP) bootcamp. Additionally, following a series of underwhelming results in the first three quarters of 2023, we were unable to fully appreciate the company's ability to achieve four consecutive quarters of accelerated growth in both top-line revenue and remaining performance obligations (RPO). Ta.
