3 Breakout Growth Stocks for Long-Term Investors

Growth stocks continue to dominate market performance, with Palantir Technologies emerging as a standout performer. The company's AI-driven data platform has fueled a 48% year-over-year revenue surge, reaching $1 billion in Q2. U.S. commercial sales nearly doubled while government contracts expanded by 53%.

Palantir's unique approach focuses on structuring unstructured data for AI applications rather than developing large language models. This operational system reduces AI hallucinations while maintaining data security—a combination that's driving 128% net dollar retention from existing clients.

Despite valuation concerns, the stock's two-year outperformance reflects fundamental strength. The company's ability to onboard new customers while expanding existing relationships suggests sustained growth potential in both commercial and government sectors.