12 Best Stocks to Buy for the AI Boom in the Second Half of 2026

Page 6 of 6

6. Palantir Technologies Inc (NASDAQ:PLTR)

Number of Hedge Fund Holders: 96

Stock Upside Potential: 40.83%

Palantir Technologies Inc (NASDAQ:PLTR) is one of the best stocks to buy for the AI boom in the second half of 2026. Analysts see Palantir’s stock price rising more than 40% from the current level. Elite investors are big fans of Palantir, as the stock is in the portfolio of 96 hedge funds.

Palantir Technologies Inc (NASDAQ:PLTR) has formed a strategic partnership with German software company SNP. According to a July 8 press release, the companies will work together to develop AI-powered solutions to help enterprise customers with their SAP transformation projects.

This collaboration will leverage SNP’s expertise in SAP projects and the strength of Palantir’s AI and data platforms. It builds on SNP’s strong base of more than 3,000 customers and track record of handling 15,000 SAP transformation projects. The company’s aim is to help customers modernize their SAP environments more efficiently and securely.

Their first joint offering is called Test Data Proposal. This solution uses AI to automate the identification of test data during SAP migrations. It solves a manual step in the SAP transformation process to help reduce the time and resources required for testing.

Palantir Technologies Inc (NASDAQ:PLTR) develops data integration and analytics software. It serves enterprises and government clients. Palantir’s technology and solutions enable clients to build secure AI-powered workflows and automated agents.

While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Stocks to Buy for the AI Boom in the Second Half of 2026.

Disclosure: None. Follow Insider Monkey on Google News.

Page 6 of 6
1281292 - 11759070 - 1