Founded in 2003, Palantir has become a major force in providing software platforms designed to leverage and extract insights from vast datasets. The primary driver of Palantir’s success is its Artificial Intelligence Platform (AIP). It is designed for faster and easier deployment, allowing commercial customers to integrate advanced AI with their own data securely and efficiently.
The stock spent most of the year in a down trend but has rallied recently. The stock touched an all-time high near $213 in October and the price is up 66% from the original recommendation.