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Wall Street’s Palantir Obsession Driven by AI Platform Expansion
Wall Street’s Palantir Obsession Driven by AI Platform Expansion
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BTCCSquare news:
Palantir's stock has surged 120% year-to-date as Wall Street embraces its transition from government contractor to commercial AI player. The company's Artificial Intelligence Platform (AIP) fueled 93% YoY growth in U.S. commercial revenue, reaching $306 million last quarter.
While defense contracts still dominate revenue, Palantir's enterprise traction demonstrates scalability beyond its niche origins. The AI Gold rush has investors rewarding companies with tangible commercial deployments, not just speculative potential.
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