Palantir Bets on AI to Fuel Growth Beyond Government Contracts
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Palantir's software is used by governments for sensitive missions and is trusted with classified data. Commercial growth is becoming a bigger opportunity.
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Palantir is rapidly incorporating AI like generative models into its products to make them more useful, especially for enterprise clients.
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The generative AI market could be worth over $1 trillion by 2032. Palantir's existing data business gives it an edge.
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Palantir is now profitable after its first 4 consecutive quarters of GAAP net income. This helps justify its high valuation.
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In 10 years, Palantir's stock could significantly outperform the broader market if its AI efforts pay off.