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Once again this year, artificial intelligence (AI) remains the driving force behind the tech sector's gains, just as it was in 2023. While the wildly popular “Magnificent Seven” group of mega-cap stocks continues to be a favorite among Wall Street analysts and investors, many smaller players are also emerging to capitalize on this exciting niche.
Valued at $55 billion by market cap, Palantir Technologies (PLTR) is popular for its data integration and analytics platforms, particularly Gotham and Foundry. Gotham focuses on government and intelligence use cases, whereas Foundry serves commercial clients.