Palantir’s AI Pricing Power

Results from Google, Microsoft and Amazon last week showed AI is still fueling cloud revenues, news that helped lift the stock market to fresh records on Friday. This week, we’ll get a clearer glimpse into whether AI can also lift the lagging prices of software stocks such as Palantir and ServiceNow.

Palantir kicks off the week’s wave of corporate earnings reports on Monday. Stock in the company, which sells software to analyze and integrate large amounts of data, has been hit by the same fears that have prompted investors to dump shares in Salesforce, ServiceNow, SAP and HubSpot: namely, that new AI tools from Anthropic and OpenAI will lower demand for their software. Palantir’s stock has lost nearly 20% this year, a contrast with the Nasdaq Composite Index’s 8% rise.