1 Reason Wall Street Is Obsessed With Palantir Stock
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Palantir Technologies' stock has surged approximately 400% over the past year, significantly outperforming the S&P 500. The company's recent success in its commercial business, particularly with its AI Platform, has attracted Wall Street's attention. In Q2, Palantir's U.S. commercial revenue rose 93% year-over-year to $306 million, making up about 30.5% of total revenue. This growth indicates a promising long-term potential for the company, despite its stock becoming expensive due to heightened interest.
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