Another key product Palantir has introduced is its Artificial Intelligence Platform (AIP). AIP allows its clients to integrate AI throughout a business's inner workings, making AI a tool that isn't just used on the side. That's a key differentiator from many AI products available and has been a big reason for Palantir's blowout results.

We recently compiled a list of the ARK Invest Stock Portfolio: Top 10 Stock Picks for 2024. In this article, we are going to take a look at where Palantir Technologies Inc.

For a stock growing its revenue by around 30%, that valuation is pretty extreme. While Palantir is a great company, at some point valuation does matter. CEO Alex Karp seems to recognize this as well, which is why he has accelerated his selling of the stock in recent months.