Palantir Stock Soars in 2023 as AI Hype and Improving Results Erase Last Year's Losses

Palantir stock has surged in 2023 due to AI hype and improving financials, erasing 2022 losses.

Revenue growth slowed in 2022 due to macroeconomic challenges, but has rebounded with strong bottom line results.

Palantir has long experience in AI/data mining, giving it an edge as demand grows for generative AI integration.

Huge potential AI market valued at up to $7 trillion by 2030, though estimates vary widely.

Stock valuation is very high after huge run-up, so long-term outlook needed despite bright growth prospects.