We recently published a list of 10 AI Stocks Making Moves This Week. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other AI stocks making moves this week.
Is China finally gaining supremacy in the AI arms race? Not quite, but executives from some of the top artificial intelligence companies believe that the country needs to tweak its infrastructure and boost exports to stay ahead in the game.
In a US Senate hearing held last Thursday, American AI giants’ leaders stressed that even though the US is ahead in the AI race, Washington needs to boost infrastructure and champion AI chip exports to maintain its supremacy over Beijing.
READ ALSO: 10 AI Stocks in the Spotlight This Week and 10 AI Stocks on Wall Street’s Radar Right Now
The U.S. Senate Commerce Committee, chaired by Republican Senator Ted Cruz, is aiming to reduce the regulatory barriers to artificial intelligence in the U.S. This is particularly after China managed to woo the world with its AI advancements, such as cheaper and efficient AI models from DeepSeek and an advanced AI chip from Huawei.
The US tech industry is using these concerns to push the Trump administration toward favourable policies, including loosening the limits on the export of AI chips.
“The number-one factor that will define whether the U.S. or China wins this race is whose technology is most broadly adopted in the rest of the world. The lesson from Huawei and 5G is that whoever gets there first will be difficult to supplant”.
-Microsoft President Brad Smith
Sam Altman, CEO of OpenAI, also testified at the hearing. He stated how he believes societal advances from AI will accelerate in the next few years through U.S. innovation. However, he also stated that “investment in infrastructure is critical.”
In a written testimony reviewed earlier by Reuters, it was reported how the AI leaders would also be urging U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and initiate more government data sets for AI training.
“America’s advanced economy relies on 50-year-old infrastructure that cannot meet the increasing electricity demands driven by AI, reshoring of manufacturing, and increased electrification.”
-Brad Smith’s written testimony for a Senate Commerce Committee hearing on “Winning the AI Race”.
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 May 8, the company announced a long-term strategic partnership with The Joint Commission to boost patient safety and healthcare standards. Established in 1951, the Joint Commission is a United States-based nonprofit tax-exempt 501 organization that aims to improve healthcare for the public, in collaboration with other stakeholders. It will be leveraging Palantir’s cutting-edge data analytics and artificial intelligence to improve how healthcare data is collected and used. Hospitals and healthcare organizations will be able to deliver the highest level of patient care through patient wait time reductions, clinical decision-making improvements, and streamlined reimbursement processes.
“The Joint Commission is committed to building the accreditation and certification process of the future, today. This work will improve global health outcomes by utilizing AI to drive performance improvements around the world.”
-Alex Karp,co-founder and chief executive officer of Palantir Technologies.
Overall, PLTR ranks 7th on our list of AI stocks making moves this week. 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. 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.
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Disclosure: None. This article is originally published at Insider Monkey.
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