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Ark Invest bought shares of Palantir, Meta, and Qualcomm on Monday. Palantir and Meta have more than tripled since the start of last year, but momentum has slipped the past two months.
Cathie Wood is a legend in the world of stock market investing and several investors who follow her investing style believe she can never go wrong. However, it is not possible to time and market and one cannot guarantee success.
Palantir is witnessing notable success in the artificial intelligence (AI) space thanks to its big data analytics software suites. Microsoft competes with Palantir as an enterprise software vendor.
Palantir (NYSE: PLTR) stock price has come under pressure in the past few months as concerns about its valuation remains. It has also retreated amid fatigue in the artificial intelligence (AI) industry.
AI will have a transformative impact on society, according to one of the world's most respected banking executives. Companies that supply the best data analytics software and accelerated computing infrastructure are set to deliver wealth-building returns to their shareowners.
The Palantir Artificial Intelligence Platform is playing a major role in expanding that company's addressable market. An increasing focus on performance advertising and efforts to improve user engagement are key growth drivers for Pinterest.
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