10 Most Active US Stocks to Buy According to Hedge Funds

4. Palantir Technologies Inc. (NASDAQ:PLTR)

No of hedge fund holders: 64

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company specializing in data analytics and artificial intelligence for counterterrorism and enterprise operations.

Palantir Technologies Inc. (NASDAQ:PLTR) has announced a strategic joint venture with TWG Global to revolutionize AI deployment in financial services, banking, investment management, and insurance. This partnership combines Palantir’s industry-leading AI infrastructure with TWG’s deep expertise in business operations to offer a fully embedded, enterprise-wide AI solution. With Palantir CEO Alex Karp and AI veteran Drew Cukor (former JPMorgan AI head and Pentagon’s Project Maven leader) spearheading the venture, the collaboration is positioned to accelerate AI adoption at scale.

Palantir Technologies Inc. (NASDAQ:PLTR) delivered a strong Q4 2024, reporting revenue of $828 million, a 36% year-over-year increase. U.S. revenue surged 52% YoY to $558 million, with commercial revenue climbing 64% YoY to $214 million. The company closed 129 deals worth at least $1 million, including 32 deals exceeding $10 million, highlighting continued enterprise adoption. Palantir generated $460 million in cash from operations and $517 million in free cash flow.