More broadly, Wall Street is thinking along the same lines. Palantir's median target price of $96 per share implies 18% downside, and Amazon's median target price of $270 per share implies 17% upside. Here's what investors should know about these AI stocks.

Palantir Technologies (NYSE:PLTR) has been a lightning rod for investor debate over the past few quarters as the stock has surged significantly. It is a niche company that works with the defense and intelligence agencies and the stock has surged over 400% in the past year as these contracts have been very sticky and expanding

Palantir (NASDAQ:PLTR) stock continues its bull run, buoyed by yet another vigorous earnings report that reflected growing revenues, profits,