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Palantir Technologies (PLTR) has been riding the artificial intelligence (AI) wave for around two decades. However, unlike the majority of players in the field, it went unnoticed until its large government contract wins and rapid commercial expansion brought it to the spotlight.
While some admire the company’s exponential growth, others criticize it for its unconventional methods. Nonetheless, Palantir has become unstoppable. The stock is up 145% year to date, outperforming the market as a whole, which is up 9.7%. Let’s see if the stock is a buy now.