"What makes Palantir's story stand out is that it is no longer just a government contractor; it has become the go-to AI platform for companies that want to deploy artificial intelligence (AI) in their businesses right away. The key is its Artificial Intelligence Platform (AIP), which gathers and organizes a customer's messy data into a clean structure that large language models can better work with, helping significantly reduce AI hallucinations."
"AIP can be used across a wide swath of industries to help solve very different problems, which is a big reason why the company's revenue has accelerated for eight straight quarters. Last quarter, its revenue surged 48% year over year to $1 billion, with U.S. commercial revenue surging 93%. Meanwhile, existing customers are quickly expanding, as shown in its robust 128% net dollar retention."
Growth stocks have been leading the market higher and continue to show momentum. Palantir Technologies has delivered exceptional returns recently, driven by its shift from government contracting to a commercial AI platform provider. Its Artificial Intelligence Platform (AIP) organizes messy customer data into structured inputs for large language models, reducing AI hallucinations and enabling broader enterprise adoption. Palantir's revenue accelerated for eight straight quarters, with last-quarter revenue up 48% year over year to $1 billion, U.S. commercial revenue up 93%, and 128% net dollar retention. AppLovin transitioned from a gaming app maker into an AI adtech leader using its Axon 2.0 engine.
Read at The Motley Fool
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