Coatue’s 35 Most Important AI Stocks

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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. The report for the third quarter of 2024 shows the company’s financial growth. For instance, the reported US revenue grew 44% year-over-year and 14% quarter-over-quarter to $499 million, and US commercial revenue grew 54% year-over-year and 13% quarter-over-quarter to $179 million. This suggests that the company is experiencing solid growth, with a diverse customer base contributing to its increasing revenue. The company has expanded its contract with the US Special Operations Command (USSOCOM) to deliver technology solutions in support of enterprise capabilities. The one-year delivery is valued at $36.8 million and establishes Palantir as the lead software integrator for USSOCOM’s Mission Command System (MCS) while expanding the technology solutions supporting US Special Operations Forces (SOF) globally.

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