Dear Palantir Stock Fans, Mark Your Calendars for February 2

Not many companies can say they’re actually winning the artificial intelligence (AI) race quite like Palantir Technologies (PLTR), which is making a relatively strong case. Sure, investors can’t seem to agree on the stock, and a lot of that hesitation comes down to its eye-popping valuation. But it’s getting more difficult to ignore the strength of the business. Palantir has leaned hard into generative AI, especially after rolling out its Artificial Intelligence Platform (AIP) in 2023, which opened the door to wider use across both enterprises and government agencies.

Since then, adoption of AIP has been picking up speed, government spending on Palantir’s software still looks solid, and its profitability is climbing at a pace many bigger software names would love to match. In a market where companies are more cautious about spending on AI, Palantir’s results are starting to speak for themselves. Nevertheless, the stock hasn’t been immune to pressure.