Dan Ives of Wedbush Securities identifies Palantir as a key stock for the next AI market chapter. He predicts a market shift from infrastructure build-out to enterprise data monetization. Ives believes this new phase will benefit companies that help businesses turn extensive data into actionable insights.
Ives highlights Palantir's Artificial Intelligence Platform (AIP). He cites unprecedented demand from commercial and government sectors. This demand drives his optimistic outlook.
Palantir's stock declined 22% year-to-date in 2026. Despite this, Ives sees Palantir, Snowflake, and MongoDB as uniquely positioned to thrive. He expects large language models to become more commoditized. The focus will shift to leveraging internal company data.