When it comes to artificial intelligence (AI), the “Magnificent Seven” stocks probably come to mind. The moniker includes the majority of megacap companies leading the AI revolution: Apple, Alphabet, Microsoft, Nvidia, Tesla, Meta Platforms, and Amazon.
One company that might be getting overlooked in the AI arms race is Palantir (NYSE: PLTR). While the data analytics company is best known for its close ties to the U.S. military and its allies, Palantir is far more than a government contractor. It has a growing presence in the private sector and works with customers across a variety of markets.
Yet despite this, the stock is trading roughly 50% below its all-time highs. And while some on Wall Street remain skeptical of Palantir’s long-term potential, one notable investor in particular has been buying the dip. The funds of ARK Invest CEO Cathie Wood have…
