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Palantir Technologies Inc. (PLTR) Upgraded to Market Perform Amid Selloff, Government Contract Hopes

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We recently compiled a list of the 10 High-Potential AI Stocks to Watch Right Now. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other high-potential AI stocks.

China is making significant strides in integrating artificial intelligence in its economy. Laying out its major policy priorities for 2025 at an annual parliamentary meeting on March 5th, it discussed how it plans to spur consumption and achieve technological breakthroughs.

Premier Li Qiang's government work report said that AI would be integrated into the country's manufacturing base, and that the country pledges to accelerate artificial intelligence development in the country, as per Reuters.

READ NOW: 10 AI Stocks Making Big Moves Today and 12 AI Stocks Making Headlines: Latest News and Ratings

The plans involve a broader deployment of large language models and leveraging China's industrial strengths to expand AI applications. Embodied intelligence - the technology underlying humanoid robots, was also highlighted as a key industry of the future.

Chinese AI startup DeepSeek sent shock waves through the global tech market ahead of the Lunar New Year, but has also sparked a rise of Chinese companies in artificial intelligence (AI).

"DeepSeek adheres to an open-source approach and promotes the widespread application of AI technology globally, which contributes Chinese wisdom to the world. Through the rise of companies like DeepSeek, we can see the innovation and inclusiveness of China's technological development"

Ever since its rise, President Xi Jinping has been encouraging tech leaders to pursue AI efforts. China intends to foster more technological breakthroughs and become more self-reliant. The country has said that it wants to foster "industries of the future" including biomanufacturing, quantum technology, embodied AI and 6G technology.

In this regard, it will also explore new models for national laboratories and extend strong support and "important responsibilities" to young scientists and engineers. The application of large-scale AI models and the development of next-generation intelligent terminals and smart manufacturing terminals will also be reinforced.

"China will strive to create an enabling environment for innovation that encourages exploration and tolerates failure."

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.