Goldman Sachs’ 35 AI Superstars

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28. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 43  

Palantir Technologies Inc. (NASDAQ:PLTR) is a public American company that specializes in software platforms for big data analytics. There are many aspects that contribute to this company being an excellent investment opportunity. Among them is the company’s consistent efforts to drive positive financial growth across all its quarters for the fiscal year 2024. For instance, as per the report for the third quarter of 2024, the US revenue grew 44% year-over-year and 14% quarter-over-quarter, reaching $499 million. This strong performance follows the second quarter of 2024, where US commercial revenue increased 55% year-over-year and 6% quarter-over-quarter, totaling $159 million. Similarly, in the first quarter of 2024, US commercial revenue saw a 40% year-over-year growth and a 14% quarter-over-quarter increase, reaching $150 million. Moreover, the company’s extended long-term partnership with the US Army to deliver the Army Vantage capability in support of the Army Data Platform also positions the company as a strong investment choice. The total value of this agreement is $400,746,583 for a period of up to four years, with a total available ceiling of $618,871,428.

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