Palantir Sees Surging Demand for AI Offerings Despite Lofty Valuation
- Palantir's AI products seeing huge demand, especially its Artificial Intelligence Platform (AIP)
- AIP allows integration of large language models like ChatGPT into businesses
- Revenue grew 20% year-over-year in Q4 2022, expected 17% growth in 2023
- Palantir stock trades at a very high 26x price-to-sales ratio
- More growth potential in other AI stocks like CrowdStrike and Snowflake at lower valuations