Is Palantir's Deal With Red Cat a Game Changer?
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The year 2024 was a breakout for enterprise software company Palantir Technologies (NASDAQ: PLTR). Some of the more notable highlights include gaining inclusion into the S&P 500 and Nasdaq-100 indicies. Moreover, Palantir stock gained over 357% in 2024 -- making it the top-performing stock in the S&P 500 by a mile.The biggest tailwind fueling Palantir's growth is, by far, artificial intelligence (AI). Over the last two years, a combination of retail investors, equity research analysts, and large institutional funds helped shape the bull narrative surrounding Palantir -- underscored by the company's Artificial Intelligence Platform (AIP) software suite.With that said, most use cases showcasing AIP highlight how large corporations are using Palantir to enhance their data analytics capabilities in areas such as fraud detection, logistics, healthcare, and more. By contrast, one area that's often overlooked is how Palantir is assisting the U.S. military in its AI roadmap.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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