If nothing else, the bullish earnings reports from Palantir Technologies Inc. (NASDAQ: PLTR) have seemed to put to rest the arguments that Palantir’s growth is unsustainable. The company is now solidly profitable with revenue coming in from U.S. government contracts, and more importantly, from an expanding list of commercial customers.
However, like many technology stocks, Palantir’s growth was called into question due to concerns that the reality of the artificial intelligence (AI) boom wouldn’t measure up to its hype. This earnings season shows that the AI cycle is still in its early stages. No company brought that point home more than NVIDIA Corp. (NASDAQ: NVDA).
