Palantir Poised to Ride AI Wave to Further Growth
• Artificial intelligence (AI) has been a major catalyst for the stock market recovery in 2023 after a difficult 2022 • Palantir Technologies is well-positioned to benefit from accelerating AI adoption given its long history working with data analytics and intelligence • Generative AI models like ChatGPT have unleashed a tidal wave of interest in AI across businesses • Palantir's AI software revenue is seeing unprecedented demand as businesses want to leverage generative AI • Palantir delivered strong Q3 results including 17% revenue growth and its most significant profit, and demand for its AI platform is very high