Palantir Technologies Inc Stock News

Palantir (PLTR -9.04%) has already delivered solid returns to patient investors. If you invested $10,000 in the stock at the start of 2024, that investment is already worth $83,000.

Make no mistake, investors love revenue growth, and investing in companies that are growing their top lines quickly can be quite rewarding.

Palantir (PLTR -3.33%) stock is losing ground in Friday's trading. The company's share price was down 4% at 12:40 p.m.

Both Palantir Technologies (PLTR 1.02%) and Alphabet (GOOGL 1.69%) (GOOG 1.74%) plan to capitalize on the artificial intelligence revolution, and already have to a certain extent. But their stocks have been on very different paths this year.

Artificial intelligence (AI) is seeing solid adoption by organizations and governments across the globe. Even better, the proliferation of this technology is still in its early phases.

Palantir Technologies (PLTR 1.02%) hit its stride when demand for artificial intelligence (AI) exploded after the launch of ChatGPT. The stock has soared 2,100% since January 2023, the best performance in the S&P 500 (^GSPC 0.80%) during that period by a wide margin.

New York police detained six protestors outside the Manhattan office of Palantir. Planet Over Profit, the group that organized the demonstration, said it objected to Palantir "turbocharging ICE deportations, complicity in the genocide of Palestinians and plans to massively expand surveillance of every U.S. resident.

Palantir is positioned as the orchestration layer for digital-twin platforms, benefiting from rapid AI-compute cost declines and hyperscaler partnerships. The company's cloud-agnostic, ontology-driven architecture enables real-time, agentic workflows and seamless integration with major cloud providers, driving adoption. Financials are robust: 39% revenue growth, 34% free cash flow conversion, a...