10 AI Stocks in Focus Amid U.S. – China Tariff Pause

8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 63

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On May 12, BofA raised the firm’s price target on the stock to $150 from $125 and kept a “Buy” rating on the shares.

The analyst told investors in a research note how many companies continue to announce AI initiatives, product developments, and integrations. However, underneath all such marketing and fanfare, the AI tools are often found to be merely “ChatGPT-wrappers.”

“We see PLTR as the market definer for organizations leveraging AI to drive accelerated tangible results.”

On the contrary, they assert how Palantir’s value is creating “outcome-focused bespoke AI-enabled products, at scale,” noting how the speed and magnitude at which the company is deploying products and converting customers is incrreasing. They added that Defense and Commercial markets are both in the “infancy of unlocking real value via AI.”