PLTR - This Is Huge News for Palantir Investors
2024-04-10 06:45:00 ET
An up-and-coming name in the red-hot artificial intelligence (AI) arena is Palantir Technologies (NYSE: PLTR) . For much of its history, Palantir worked closely with the U.S. government and its Western allies.
However, over the last couple of years the company made a conscious effort to expand outside of the public sector. Indeed, this strategy is paying off as Palantir witnessed impressive growth in the private sector in 2023.
But with growth in the legacy government business slowing, some investors may be concerned. Let's explore the trends in Palantir's government-contracting operation and assess the moves the company is making to cement it's long-term potential.
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This Is Huge News for Palantir Investors