Palantir Technologies (NASDAQ:PLTR) is one of the best stocks to invest in, according to billionaire DE Shaw. On October 28, Nvidia and Palantir Technologies (NASDAQ:PLTR) announced a partnership aimed at improving decision-making in logistics and other complex operations.
Palantir will integrate Nvidia’s chips and software into its platforms, allowing companies to process data from various systems, such as workforce and inventory, in real time. The partnership was unveiled at a conference in Washington, with a focus on helping companies deal with disruptions such as storm-related shipping delays.
Using Nvidia’s AI tools, Palantir can provide optimized shipping routes and cost-effective solutions based on regional demand. Although financial terms were not disclosed, executives from both companies emphasized the value of combining Nvidia’s processing power with Palantir’s ability to structure enterprise data. The goal is to enable faster, more accurate decisions that reflect current business conditions.
Palantir continues to attract analyst attention. On October 29, Wedbush’s Daniel Ives reaffirmed a buy rating with a $200 price target. A day earlier, Citi’s Tyler Radke raised his target to $190 but maintained a neutral stance, citing strong third-quarter expectations tempered by tough numbers from the previous quarter.
Palantir Technologies (NASDAQ:PLTR) is a software company that provides platforms that help organizations integrate, manage, and secure large data sets for human-driven analytics. The two main platforms are Gotham, which is used by government and defense agencies for intelligence and defense operations, and Foundry.
While we recognize PLTR’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best AI stocks for short term.
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Disclosure: None. This article was originally published on Insider monkey.
