Palantir Technologies (NASDAQ: PLTR) has emerged as one of the most important companies in the artificial intelligence (AI) space. However, it’s also one of the most polarizing stocks in the market due to its high valuation.
That said, if the company can keep up its current growth trajectory, there’s a path to it becoming the next big mega-cap AI winner.
Palantir has been one of the best growth stories in AI. It just delivered its seventh consecutive quarter of accelerating revenue growth, with Q1 revenue up 39%. The company is seeing huge momentum, especially with U.S. commercial customers. Last quarter, U.S. commercial revenue surged 71%, and future deal value jumped 127%.