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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] Palantir Technologies, a U.S.-based artificial intelligence (AI) software company, has rapidly risen to become one of the most favored U.S. stocks among Korean investors.
According to the Korea Securities Depository on September 13, the value of Palantir shares held by Korean investors stood at $5.85 billion (₩8.15 trillion) as of September 10. This makes Palantir the third most-held foreign stock in Korea, following Tesla and Nvidia.
Compared with the beginning of the year, Palantir’s custody value has surged from $2.3 billion to $5.85 billion, representing a 2.5-fold increase. Its ranking among foreign stocks held by Koreans also jumped from eighth to third place.
Palantir provides advanced AI-powered data analysis services for governments, militaries, intelligence agencies, and enterprises. In the second quarter of this year, the company reported quarterly revenue exceeding $1 billion for the first time in its history.
The company also raised its annual revenue forecast to $4.142–4.15 billion, up from its previous guidance of $3.89–3.9 billion.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
