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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Trevor Jennewine, The Motley FoolWed, Jul 23, 2025, 9:28 AM 5 min readPalantir Technologies is a recognized leader in artificial intelligence and machine learning platforms.The company's revenue growth has accelerated in seven straight quarters as demand for AIP has intensified.Palantir recently traded at 123 times sales, making it the most expensive stock in the S&P 500 by a long shot.10 stocks we like better than Palantir Technologies ›Palantir Technologies (NASDAQ: PLTR) stock had rocketed more than 100% year to date, as of July 17, reaching a new record high of $154 per share. That brought its total return to 1,680% since the November 2022 launch of ChatGPT, the application widely credited with popularizing generative artificial intelligence (AI).Here's what investors should know about Palantir and what history says the stock will do next.Image source: Getty Images.Palantir develops analytics platforms that help businesses make sense of complex data. The company says its key differentiator is an ontology-based software architecture. An ontology is a framework that links digital information to real-world assets to uncover cause-and-effect relationships that improve decision-making.Palantir's artificial intelligence platform (AIP) enhances its core data operations platforms with support for large language models and natural language processing. In other words, AIP lets users apply generative AI to their operations. Management says the product is uniquely positioned to help customers operationalize AI, meaning the software can move prototypes to production more effectively than other solutions.Several Wall Street analysts have echoed that opinion. Forrester Research recently ranked Palantir as a leader in artificial intelligence and machine learning platforms, awarding AIP higher scores than products from Alphabet's Google and Microsoft. "Palantir is quietly becoming one of the largest players in this market," wrote analyst Mike Gualtieri.Palantir reported strong first-quarter financial results. Revenue rose 39% to $884 million, the seventh straight acceleration, due to particularly strong sales growth in the government segment. Non-GAAP earnings rose 62% to $0.13 per diluted share. Management cited demand for its artificial intelligence platform as a key driver of its strong performance.Looking ahead, Wall Street estimates revenue will increase 38% to $939 million and non-GAAP earnings will increase 33% to $0.12 per diluted share when the company announces second-quarter financial results after market close on Aug. 4. But Mizuho analysts, led by Gregg Moskowitz, think Palantir has a good shot at accelerating revenue growth once again.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,376.33 +17.42 (+0.27%)Dow 3044,810.78 -199.51 (-0.44%)Nasdaq21,101.79 +81.77 (+0.39%)Russell 20002,261.22 -21.91 (-0.96%)VIX15.05 -0.32 (-2.08%)Gold3,371.80 -25.80 (-0.76%)PortfolioSign in to access your portfolioSign inTop gainersBE Bloom Energy Corporation 33.39 +6.50 (+24.17%)WST West Pharmaceutical Services, Inc. 275.15 +47.83 (+21.04%)ICLR ICON Public Limited Company 194.06 +26.17 (+15.59%)ASGN ASGN Incorporated 56.39 +6.37 (+12.73%)OKLO Oklo Inc. 75.17 +8.20 (+12.25%)Top losersIRDM Iridium Communications Inc. 25.55 -6.89 (-21.23%)LKQ LKQ Corporation 30.84 -7.78 (-20.14%)DOW Dow Inc. 24.71 -5.66 (-18.64%)SIGI Selective Insurance Group, Inc. 74.64 -15.76 (-17.44%)STM STMicroelectronics N.V. 26.43 -5.35 (-16.82%)Most activeTSLA Tesla, Inc. 304.15 -28.41 (-8.54%)WBD Warner Bros. 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