Key Points
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PwC estimates that artificial intelligence (AI) could contribute $15.7 trillion to the global economy by 2030.
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Palantir Technologies (NASDAQ: PLTR) has surged 2,350% since the beginning of 2023, but analysts predict a potential decline of up to 68% over the next year.
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Upstart Holdings (NASDAQ: UPST) could face a 28% drop in stock price, with projections estimating a fall to $20 amid economic uncertainties.
According to PwC, the global addressable market for AI is projected to reach $15.7 trillion by 2030. In the context of this growth, Palantir Technologies has seen its stock increase dramatically, yet analysts caution that its current valuation may not be sustainable, potentially decreasing to $50 per share from its recent levels as high as $156. Concurrently, Upstart Holdings, which automates loan vetting for over 100 financial partners, may struggle under economic pressures, with a predicted share price decline to $20.
