If You'd Invested $1,000 in Palantir Stock 5 Years Ago, Here's How Much You'd Have Today
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Palantir Technologies has seen significant growth since its IPO in September 2020, with a $1,000 investment now worth over $19,000. The company's software solutions have gained prominence, particularly during the COVID-19 pandemic, and its annualized revenue has increased from $1 billion to approximately $4 billion. Despite the impressive growth, future returns may not match past performance. However, the AI decision-making software market is projected to grow at 16% annually through 2031, positioning Palantir to capture a share of this expansion.
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