Palantir’s AI Growth Surge | Raleigh News

0:00It's September 11th. From your city to your ears, this is Raleigh News today, powered by AI. I'm Cory with the story. Alright, let's talk about Palantir. Their stock has been a bit of a roller coaster, a big and august, then dipping a bit. But even with that choppy movement, some analysts are still seeing a lot of potential. The company's actually growing faster than the stock price might suggest, with sales jumping nearly 93% in the last quarter, especially in their US commercial business. They're also making their artificial intelligence offerings more tangible. They've expanded their partnership with NVIDIA, putting their software to work with an NVIDIA's complex supply chain. Plus, a new deal with Nevius is giving customers more control over their computing power and AI models. Now, the big question for investors is how much more room this business has to grow. One analyst, Gil Luria, actually raised his price target for Palantir, seeing almost 50% upside from his recent trading price. He believes Palantir is positioning itself as the software layer that helps companies manage all these AI choices.

1:06This whole AI trend, where companies are essentially migrating their expertise to models, is something Palantir seems poised to benefit from. Their recent conference, AIP Khan, really hammered home the idea that they have a strong growth path ahead by connecting AI directly to a company's. Operations with clear rules about data access and actions. The NVIDIA deals a prime example of this, using Palantir's software to spot issues and guide decisions in their supply chain, while still keeping. Human experts in charge. As more businesses rely on Palantir for their AI operations, it could become harder for them to switch, making the company's services stickier over.