Palantir Stock: An Underrated AI Growth Pick

Palantir (PLTR) certainly looked like the new go-to artificial intelligence (AI) play in town - right after Nvidia (NVDA) - following its impressive post-earnings surge in May. PLTR's springtime momentum has since cooled off for the summer season, but the company still has grand AI ambitions as it looks to stay on the growth track while making advancements on the front of margins. 

Indeed, I found it quite remarkable when its CEO, Alex Karp, stated in a seated interview with CNBC that his firm seeks to "embarrass" competitors to work with the U.S. government. Undoubtedly, Palantir's bread-and-butter contracts have been with the U.S. government. As the firm looks to further expand its offerings to commercial customers, I do think the stock's growth prospects may still be underrated by investors and analysts.