As we move into the second half of 2024, the hype surrounding artificial intelligence (AI) shows no signs of fading. In fact, Bank of America (BAC) points out that this is only the beginning stages of AI adoption. That said, with investors laser-focused on companies leading the charge in AI, Palantir Technologies Inc. (PLTR) stands out as a prominent contender well-poised to benefit from this trend.
With the launch of its Artificial Intelligence Platform (AIP) last year, and the company sparking widespread engagement through its innovative “boot camps,” and securing a groundbreaking $178.4 million contract from the U.S. Army earlier this year for the TITAN ground station system, Palantir has been making major moves to build its AI success story - even as the stock remains generally out of favor with analysts.
