Palantir To Go Above $18 With Its Advantage in Generative AI Development!

The company's customer count grew by 38% YoY, indicating strong demand for its software.

Palantir's entrance into the generative AI field with its AIP platform is expected to be a game changer, attracting new customers and improving financial performance.

If we look at the predicted growth of Generative AI, we can see that the growth these 2 years might not be exponential, but once the demand and more projects matured for generative AI.

The growth can be seen to be exponential from the 4th year.

Earlier this week, Palantir reported its Q2 earnings results which showed that the company is not only able to continue to grow at a double-digit rate in the current environment, but its latest AI offering also has a great potential to aggressively expand the company’s TAM and create more value in the long run.

As artificial intelligence (AI) are evolving rapidly, generative models have emerged as a transformative technology that holds the potential to reshape industries, drive innovation, and enhance human creativity.

Companies who has long invested to unleash and harness the power of generative AI would be able to gain much market share.

Palantir Technologies with its extensive experience in data analysis, integration, and security, Palantir is poised to make significant contributions to the development of generative AI and revolutionize various sectors.

If we want to understand it in very simple layman terms, it is basically powering up creativity with machines.

Generative AI refers to a class of machine learning models that have the ability to generate new content, such as images, text, music, and more, by learning from patterns in existing data.

These models, which include variants like Generative Adversarial Networks (GANs) and Transformers, have gained substantial attention due to their capability to mimic and often exceed human-level creativity in tasks like image synthesis, language generation, and even drug discovery.

Palantir, a company renowned for its expertise in data integration and analysis, has a unique vantage point when it comes to generative AI development.

The core of Palantir's business lies in creating platforms that facilitate the integration and analysis of disparate data sources.

This emphasis on data orchestration and security provides the company with an advantage that can significantly influence the trajectory of generative AI.

One of the fundamental challenges in training generative AI models is the need for high-quality, diverse, and relevant training data.

Palantir's prowess in data integration could be instrumental in creating diverse training datasets by amalgamating structured and unstructured data from various sources.

This capability can lead to more robust and generalized generative models.

The success of generative AI hinges on access to large datasets, often containing sensitive information. Palantir's dedication to data security and privacy could foster the development of AI models that respect ethical considerations and safeguard user data.

By leveraging its experience in creating secure data environments, Palantir can contribute to striking a balance between innovation and protection.

Generative AI has already demonstrated its potential in fields like art, design, entertainment, and content creation.

However, its influence is not limited to these sectors. Palantir's proficiency in solving complex challenges for industries such as healthcare, finance, and government can be combined with generative AI to develop solutions that address critical problems in these domains.

Palantir's expertise in data analysis and integration can contribute to creating generative AI models that aid in drug discovery, medical image analysis, and personalized treatment plans.

By generating synthetic medical images or simulating drug interactions, these models could accelerate research and development processes.

In the financial sector, Palantir's capabilities can be instrumental in creating AI-driven trading algorithms, risk assessment models, and fraud detection systems.

Generative AI could help in generating synthetic financial scenarios for stress testing or simulating market behavior for predictive analytics.

Palantir's track record in assisting government agencies can be synergized with generative AI to enhance intelligence analysis, scenario planning, and even aid in disaster response.

Generative AI-powered simulations could help in predicting natural disasters' impacts or simulating response strategies.

While the collaboration between Palantir's strengths and generative AI holds immense promise, it's crucial to address potential ethical concerns.

Ensuring that generated content is used responsibly and does not contribute to misinformation, biases, or surveillance requires careful consideration and regulation.

If we look at Palantir using technical indicators, it seem like it is in a weak downside developing trend. This might create an opportunity for us to plan for an entry.

I foresee that the demand for generative AI for AI would increase, and Palantir have the factors in their platform to support any generative AI implementation.

Palantir have a bearish reversal just recently and they should be trending on a downside move. I would think this might create an opportunity for us to take a trade when the price is right.

I would monitor how it would be trade this week before I set up my trade plan for Palantir.

Palantir's distinct advantage in data integration, security, and industry-specific solutions positions the company at the forefront of generative AI development.

Currently if we look at how Palantir is trading, it would be difficult to see how it would be going above $18, but I expect more news on demand for Palantir services and products.

By leveraging its expertise, Palantir can contribute to the creation of ethical, secure, and innovative generative AI models that transform industries and enrich human creativity.

The collaboration between Palantir's data prowess and generative AI's potential has the power to unlock a new era of AI-driven innovation that benefits society as a whole.

If we looked at how Palantir have been trading using Technical Analysis, I believe over the next 2 weeks we could see Palantir going above $18.

Appreciate if you could share your thoughts in the comment section whether you think Palantir have potential to got above $18 with more deals expected to come from the healthcare and wellness sectors.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.