Palantir Technologies Inc. (PLTR) Is “Mission Critical” for U.S. Defense, Well-Known Investor Says

Palantir Technologies Inc. (PLTR)’s offerings are “mission critical for” the defense of America, and Washington will not cut its spending on Palantir’s products, and services, said Kenny Polcari, the Chief Market Strategist at Slatestone Wealth, recently.

Appearing on the Schwab Network, Polcari urged retail investors to own PLTR stock.

Palantir Technologies Inc. (PLTR) Delivered “Blow Out Earnings,” Polcari Says

Palantir reported excellent first-quarter results, said Polcari, referring to its Q1 numbers as “blowout” earnings. The selloff of the shares in the wake of the results was “clearly an overreaction,” he stated.

Other Positive Attributes of PLTR

The company’s high tech, AI-oriented offerings make it invaluable to the U.S. government, Polcari suggested. What’s more, the shares are off their highs and are making a comeback, he noted. (At this point, they are only about 5.5% below their all-time highs).

Polcari’s Bottom Line on Palantir Technologies Inc. (PLTR)

“We own Palantir, we will continue to own it, and you want to own it,” the well-known investor proclaimed.

The Recent Price Action of PLTR

In the last month, the shares have gained 28%, while they are up just 1.3% in the last three months.

While we acknowledge the potential of PLTR, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this 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.