"The AI industry is expected to reach $4.8 trillion by 2023, according to the United Nations Conference on Trade and Development. This means AI companies will continue to benefit from the boom and harness the full power of its technology, thus benefiting shareholders. A few large companies have gained tremendous attention due to their massive spikes in value and soaring stock prices. And despite market volatility and tariffs, their valuations have remained elevated."
"Palantir Technologies (NASDAQ:PLTR) has become the talk of the town in 2025. With a 106% year-to-date gain, the stock is exchanging hands for $154 at the time of writing. However, it is down 18% from its all-time high. The company is in an incredible place to benefit from AI demand and is the best performing stock of the S&P 500 this year."
"PLTR stock is trading at a premium, and many investors have valuation concerns. But there's a lot to be excited about. The company reported an impressive second quarter with a 48% year-over-year jump in the top line. It is aggressively expanding in the commercial sector and has seen a 93% jump in the U.S. commercial revenue. It closed 157 deals of at least $1 million and 42 deals of at least $10 million."
The AI industry is expected to reach $4.8 trillion by 2023, according to the United Nations Conference on Trade and Development. Major AI companies have seen massive valuation spikes and soaring stock prices, and valuations have remained elevated despite market volatility and tariffs. Several companies have remained top industry players and continue to deliver shareholder value. Three AI stocks have contributed significantly to the market and are positioned for further upside as companies allocate billions toward AI. Palantir Technologies gained 106% year-to-date in 2025 and traded at $154 while remaining 18% below its all-time high. Palantir reported 48% year-over-year revenue growth in Q2, strong U.S. commercial revenue growth, and numerous large deals.
Read at 24/7 Wall St.
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