Palantir Technologies (NYSE: PLTR) has piqued the interest of investors as they seek potential winners in the high-growth field of artificial intelligence (AI). Despite being in existence for over 20 years, this software-as-a-service company has gained attention for its ability to help customers aggregate disparate data and utilize it for critical decision-making.
While Palantir has historically been linked with government contracts, the company is experiencing a shift as commercial customers become a significant source of growth, particularly with its focus on AI.
Reflecting this potential, Palantir’s stock has surged by over 200% in the past year, and the company has achieved profitability as a result of the increased earnings from AI clients.
As Palantir embarks on a new era of growth, the question remains: will this drive the stock to new heights?
2024-03-04 06:30:00
Article from finance.yahoo.com