20 Best Fast Growth Stocks to Invest In

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8. Palantir Technologies Inc. (NASDAQ:PLTR)

Quarterly Revenue Growth: 39.34%

Number of Hedge Fund Holders: 77

Palantir Technologies Inc. (NASDAQ:PLTR) ranks among the 20 best fast growth stocks to invest in. On June 30, Palantir Technologies Inc. (NASDAQ:PLTR) and Accenture Federal Services announced a strategic partnership which names Accenture Federal as a preferred implementation partner for Palantir’s AI solutions within US federal government agencies.

The partnership intends to implement AI-powered solutions to operational difficulties faced by federal agencies, ranging from improving decision-making skills to optimizing workflows. The three main products that the partnership will initially focus on include Operationalize Financial Intelligence, which will give comprehensive views of agency budgets across systems; Predictive Supply Chain Orchestration, which will optimize government agency supply chains; and Enterprise-to-Edge Data Fusion, which will modernize enterprise business systems.

In a separate vein, Palantir Technologies Inc. (NASDAQ:PLTR) and The Nuclear Company recently announced a new collaboration to create an AI-powered software system for nuclear building projects. The goal of this collaboration, which is a component of Palantir’s Warp Speed program, is to use data-driven procedures to overcome challenges related to the construction of nuclear plants.

Palantir Technologies Inc. (NASDAQ:PLTR) is a software and data analytics company that develops platforms for large corporations, financial institutions, and government organizations to analyze massive amounts of data.

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