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Palantir Technologies (PLTR) has quickly progressed from a backstage player to one of the most talked-about artificial intelligence (AI) winners in the market. Investors are excited about its major government contract wins, booming commercial usage, a new AI product stack, and a succession of high-profile partnerships.
PLTR stock has climbed an impressive 138.2% year-to-date (YTD), and its strong second-quarter results explain why investors are taking a fresh look at the company.