Investors have many reasons to believe in Palantir Technologies Inc. (NASDAQ: PLTR) as a long-term growth stock. One of the original chapters of the company’s bull thesis is its proximity and superiority in the defense sector. Palantir is quickly becoming the operating system of the U.S. government, including the Pentagon.
In the 20th century, defense spending meant hardware such as missiles and tanks. That's still relevant today, but Palantir is a 21st-century company helping the United States and its allies fight the battle of modern warfare. Its strength lies in software, specifically, the AI-powered data integration and analytics that give military and intelligence agencies actionable insights.
