Buying Palantir Stock Today Is Like Buying Tesla Stock 10 Years Ago, Dan Ives Says: 'This Could Be A $1 Trillion Market Cap'

Wedbush’s Dan Ives believes buying Palantir Technologies Inc (NYSE:PLTR) stock right now could be like buying Tesla Inc (NASDAQ:TSLA) stock in 2015.

What To Know: Following Palantir’s fourth-quarter results late Monday, Ives discussed the AI stock’s potential in an interview on CNBC’s “Closing Bell: Overtime.”

“The bears, they were bearish at $10, hated it at $40 and despise it at $100 … They can’t see AI in the spreadsheets,” Ives said. “When we do the checks that we’ve done for Palantir, I think it’s the next Oracle, it’s the next Salesforce.”

Palantir is going to be front and center in the AI revolution, Ives said, adding the company has made it to where it is today without a direct sales team. This suggests Palantir could accelerate its growth over ...

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