Hedge Fund Superstar Stanley Druckenmiller Decides To Majorly Buy Back Into Palantir Stock
The AI company has been making waves, and even bringing back big investors who had previously exited
Seasoned investors generally have a sixth sense about when to enter a stock play and when to get out of it. The best of these whales aren’t right every time, just like the average investor, but watching their trades can help provide interesting insight and raise important questions. That’s what makes the recent major re-entry into hot artificial intelligence (AI) company Palantir Technologies (PLTR) stock so intriguing, after he had dumped his entire position just a year ago.
According to their website, Palantir:
“Palantir empowers intelligence agencies to securely derive actionable insights from sensitive data and achieve their most challenging operational objectives. “
If that sounds confusing, it is. More specifically, they offer software platforms that specialize in data analytics on very large scales. They have grown rapidly in becoming a tool of intelligence and defense that have been increasingly embraced by military and counter-terrorism entities, including the American Department of Defense.
