After a blistering run that spanned more than two years and produced stock price gains of 2,500% (as of this writing), Palantir Technologies (NASDAQ: PLTR) is taking a well-earned breather. From humble beginnings developing artificial intelligence (AI) solutions for the U.S. intelligence industry, the data mining and AI specialist branched out, creating solutions for enterprise. The advent of generative AI represented a compelling opportunity, fueling accelerating revenue and profit growth.
In recent months, some investors have begun to wonder if the implementation of AI is running out of steam. There has even been talk of an AI bubble, though most experts dismiss that notion outright.
Oracle (NYSE: ORCL) just provided compelling evidence that the implementation of AI continues unfettered.