Enterprise and government data analytics services provider Palantir Technologies (NASDAQ:PLTR) stock has plummeted nearly (-46%) in 2022. According to its CEO Alex Karp, Palantir thrives in both good and bad times. He claims they predicted inflation and built the Company to had free cash flow, not just growth.
However, the Company is growing at 30% and expects revenues to maintain that pace through 2025. Commercial revenues rose 54% adding 40 new customers resulting in 86% client growth. Since the Russian Ukraine conflict, the Company has been providing western militaries with needed artificial intelligence software. Its platform has been used to power refugee relief operations and World Food Programs and Ukraine response
