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Palantir (PLTR) Partners with EYSA to Revolutionize Mobility with AI

We recently published a list of Top 10 AI Stocks Dominating the Market Right Now. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other top AI stocks dominating the market right now.

Attention is slowly shifting from US chip stocks to what analysts consider as the next big AI play: software. Investor enthusiasm has begun waning for semiconductor stocks due to tariff-driven volatility and the emergence of lower cost AI models from China’s DeepSeek. The AI chips transition is now paving the way for the second stage of the innovation cycle where software companies will begin to monetize AI breakthroughs.

READ ALSO: 10 Hot AI News Updates Analysts are Monitoring and 10 High-Potential AI Stocks to Watch Right Now

“The second stage of the innovation cycle is when people start utilizing products and that’s when the software companies start getting paid … we’re now starting to see the ascendancy of the software part of the equation.”

-Keith Weiss, equity analyst at Morgan Stanley.

Previously, software startups such as Harvey were dismissed by Silicon Valley investors. Investors used to take these software firms lightly, stating them as mere wrappers around OpenAI’s models. However, now the narrative is shifting and these AI wrappers are becoming quite popular today.

“The market’s perception of companies like us… was that they’re GPT wrappers, referencing a derisive term used to suggest the repackaging of OpenAI’s models. If investors “were going to put money into something,” he added, “it needed to be into OpenAI or Anthropic.”

-Harvey, Chief Executive Officer Winston Weinberg

Here is what another investor has to say:

“Just like after the iPhone launched, there were millions of new mobile apps,” said Mignano, an investor in the AI notetaking service Granola, which uses technology from OpenAI and Anthropic. “Now with AI and LLMs, there will be millions of new AI products.”

-Michael Mignano, a partner at Lightspeed Venture Partners

DeepSeek has also played its due part in leading the shift from chip stocks to software and similar AI plays.

“Investors are looking for the next three-to-five-year stories … those companies that are going to benefit from what Nvidia has already done.”

David Russell, global head of market strategy at TradeStation.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points  (see more details here).

A software engineer manipulating a vast network of code on virtual monitors.

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 March 6, Palantir Technologies Spain announced a partnership with EYSA, a leader in comprehensive sustainable mobility solutions, to enhance mobility application development. The agreement was finalized after a successful pilot test through a multi-week Palantir bootcamp, where EYSA confirmed the success of Palantir’s Foundry and AIP platforms in addressing complex questions, planning scenarios, and facilitating and accelerating the development of new mobility applications.

The integration will enable all areas and businesses to work autonomously in a private and highly secure environment that operationalizes data and artificial intelligence. To conclude, the alliance will enable technological transformation in the mobility sector in Spain and beyond.

“Building on the strong Ontology foundation that EYSA has already consolidated in Palantir Foundry, we are thrilled about EYSA’s potential for accelerating the development of sustainable and more efficient urban mobility solutions leveraging the power of Palantir AIP. After just a few months, EYSA is already pioneering new use cases, capturing emerging business opportunities which will reinforce its lead position in creating smarter, safer and more sustainable cities.”

-Javier Fernández Castañón, Head of Commercial at Palantir Spain.

Overall, PLTR ranks 9th on our list of top AI stocks dominating the market right now. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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