Palantir Is The ‘Messi’ Of Artificial Intelligence, Says Dan Ives: ‘Most Underestimated AI Play’ – ARK Innovation ETF (ARCA:ARKK), Palantir Technologies (NYSE:PLTR)

Palantir Technologies stock gained over 42% in the last 12 months. Investors can gain exposure to the stock via Global X Funds Global X Defense Tech ETF (NYSE:SHLD) and ARK Innovation ETF (NYSE:ARKK).

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Why It Matters: On Thursday, Palantir’s stock shrugged off a sell call from Jim Cramer and continued to rise. This came after the company’s CEO, Alex Karp, boldly stated that Palantir had no competitors in the U.S. commercial and government markets.

Palantir’s CEO, Alex Karp, has also been vocal about the company’s dominance in the AI sector. Despite the fluctuations, Palantir’s stock has been a popular choice among investors. Cathie Wood-led Ark Invest recently bought shares of the company, while also selling off holdings in other tech companies.

Meanwhile, speculations remain rife over the potential inclusion of Palantir into the S&P 500 index.

Price Action: Palantir closed at $21.73, marking a 3.77% increase on Thursday. After hours, the price slightly dipped to $21.70, down 0.14%. Year to date, the stock has gained 31.06%, according to the data from Benzinga Pro.

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This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote