Palantir Technologies (PLTR)

by | Mar 14, 2023 | Daily Trade Alerts

Keep an eye on Palantir Technologies (PLTR).

The stock appears to have caught strong double bottom support, and could push higher on the artificial intelligence story. Fundamentally, investors should be excited, too. For the first time, the company posted its first-ever profitable quarter on a GAAP basis. And, according to CEO Alex Karp, PLTR suggests the company is attracting potential acquirers.

“I think there’s going to be a lot of interest in us in buying our software and potentially in buying us,” Karp said, as quoted by Barron’s. “But we are pretty focused on our product, which is us.” Karp also told CNBC that there is “growing M&A interest” in Palantir.

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