Palantir’s (PLTR) A.I. Opportunities & H…

2023/8/8

Palantir's (PLTR) A.I. Opportunities & How It Stacks Up Against Meme Stocks

Palantir (PLTR) is up over 170% year-over-year and its earnings are to be released today postmarket. Its adjusted EPS is estimated at $0.05 and revenue is estimated at $533.88M. Alex Coffey and Jenny Horne discuss PLTR as it could be seen as a meme stock, but not in the same way as GameStop (GME). They talk about how PLTR has reliability that other meme stocks do not have. The company has existing contracts with major government bodies, and this name has received a lot of attention due to its AI opportunity. Additionally, its short interest is relatively low compared to other meme stocks. They also go over how this is going to be an important quarter for the business. Alex then demonstrates an example trade using PLTR. The trade type is a buy call calendar and the direction is bullish. Tune in to find out more about the stock market today.

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