Palantir CEO Alex Karp Just Hinted at a Huge Artificial Intelligence (AI) Opportunity That Could Be a Game Changer
Palantir's Artificial Intelligence Platform (AIP) is all investors want to talk about, but the company has another product that could be huge.
There's a pretty solid argument to be made that Palantir Technologies (NASDAQ: PLTR) has been the most lucrative of artificial intelligence (AI) stocks to own over the last 12 months. After all, Palantir's shares returned an incredible 340% in 2024, making it the top-performing stock in the S&P 500 (SNPINDEX: ^GSPC).
And so far this year, the company's joyride doesn't appear to be slowing down either, with its shares up already 20% (as of Feb. 24).
At a fundamental level, the underpinning bull thesis around Palantir stock revolves around the company's Artificial Intelligence Platform (AIP). Since AIP's debut in April 2023, Palantir has significantly grown its customer base, which has led to impressive revenue acceleration, widening margins, and a transition to a profitable company.
