This Dirt Cheap Stock Is Up 262% This Year. Could It Be the Next Palantir?

The market has gone wild over artificial intelligence (AI)-based data analytics company Palantir Technologies (NASDAQ: PLTR). Palantir stock is up more than 440% during the past year, and it trades at the almost obscene price-to-earnings (P/E) ratio of 700.Palantir essentially uses AI to offer a unique and specific set of services, creating real value that its customer base is willing to pay for. It has developed a robust platform that has a long growth runway in a niche market, and there are high barriers to entry, which is why Palantir continues to excite investors despite its lofty valuation.It's debatable whether it makes sense to invest in Palantir right now, but if you could find another up-and-coming stock that uses AI to create proprietary technology, is demonstrating rapid growth, and has a huge opportunity, but is still dirt cheap, it may make a lot more sense to invest in it instead. Could Pagaya Technologies (NASDAQ: PGY) be that stock?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool