This has been a year to remember for shareholders of Palantir Technologies (NYSE: PLTR). Investors endured the pain of the stock falling to the single digits after the company went public. However, the technological marvel of artificial intelligence (AI) breathed life back into the stock, and the company’s repeated quarters of strong performance further fueled market sentiment.
While investors may understandably worry that the stock’s 48% move since January leaves little meat on the bone, have no fear. Investing sometimes requires looking decades ahead, and Palantir may have more promise than most companies you’ll encounter.
Here is why long-term investors can buy today and hold the stock for decades.
Government loyalty underpins Palantir’s business
The internet created the digital world we know today. That means humanity has spent over two decades creating increasing amounts of data at…
