Palantir's impressive 331% rise in 2024 opens the door for comparisons with tech giants, but its relatively small market cap suggests it's too early for the Magnificent Seven.
AI represents a revolution rather than just a short-lived trend. Disruptive innovations like AI can significantly impact valuations as companies ride the wave of emerging technologies.
As companies like Palantir continue to show improving fundamentals, the current AI rally could still be in its early stages, indicating potential for further growth ahead.
The challenge in valuing rapidly growing AI companies lies in finding a fair multiple, as their growth trajectories can often exceed initial expectations.
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