Palantir Technologies (NYSE: PLTR) has been one of the top-performing stocks on the market in 2024, jumping 115% as of this writing thanks to its accelerating growth, which is being driven by the fast-growing demand for the company’s software platforms by both federal customers and commercial clients.
Artificial intelligence (AI) has started playing a key role in the acceleration of Palantir’s growth of late. The good part is that Palantir is reportedly the top player in the AI software-platforms market as per market research company Forrester. This puts the company in a terrific position to ensure that its growth rate continues to pick up and hits stronger levels in the long run.
More importantly, a look at Palantir’s recent customer wins indicates that the company’s offerings continue to remain in hot demand, and that could pave the way for more stock upside in the future. In this…
