5 AI Stocks That Will Skyrocket

4. Palantir Technologies Inc. (NYSE:PLTR)

Number of Q4 2023 Hedge Fund Shareholders: 44

Date of Newsletter: March 25, 2024

Palantir Technologies Inc. (NYSE:PLTR) is a software defense contractor that enables security agencies to consolidate data under a single umbrella. The firm has been doing well on the financial front as of late by having beaten analyst EPS estimates in all four of its latest quarters. However, the shares are rated Hold on average.

As of December 2023 end, 44 out of the 933 hedge funds profiled by Insider Monkey had invested in the firm. Palantir Technologies Inc. (NYSE:PLTR)’s largest hedge fund shareholder is Jim Simons’s Renaissance Technologies as it holds a $748 million stake.

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