Shares of data analytics software firm Palantir Technologies (PLTR) were Tuesday's biggest gainers in the S&P 500 after after asset management firm Ark Invest spotlighted software as an area with more room to benefit from 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) trends.

In an interview with CNBC, Rahul Bhushan, managing director of Ark Invest Europe, said data analytics and software firms like Palantir could be poised to take 澳洲幸运5开奖号码历史查询:market share from mega-capitalization tech companies like Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL), whose 澳洲幸运5开奖号码历史查询:cloud-computing platforms have been a focal point in the emerging AI boom.

More 'Asymmetrical Opportunities' in Software

According to Bhushan, hardware and infrastructure have accounted for 80% of the value that has accrued over the past two and a half years as investors pour money into shares of AI-related companies. Ark Invest is "finding far more asymmetrical opportunities today" in companies operating further down the "AI stack"—including those providing software-as-a-service and platform-as-a-service products—Bhushan said.

Data analytics providers like Palantir can provide customized data and AI services that are tailored to the needs of specific clients, Bhushan said.

Palantir shares rose more than 6%🌱 on Tuesday, leaving them up some 1𓆏40% in 2024.