Palantir Technologies Inc.'s stock saw a notable increase of 1.81% on Tuesday, fueled by President Trump's revocation of a Biden-era executive order on AI development. This resurgence follows a positive momentum stemming from Palantir's investment in Shield AI. The market for data services is expected to grow substantially in the coming years, indicating potential for Palantir's continued success. With remarkable stock performance since its IPO, Palantir is well-positioned within the Big Data industry, although long-term stock predictions remain elusive for investors.
Since going public on Sept. 30, 2020, Palantir's stock has surged over 628.84%, with gains exceeding 303.26% in 2024 alone, highlighting its significant market impact.
The market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028, indicating a strong future for Big Data companies like Palantir.
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