Beth Kindig is the CEO and Lead Tech Analyst for the I/O Fund and delivers weekly in-depth tech stock analysis to her free newsletter subscribers. Sign up here to receive free weekly stock tips. I/O Fund has a cumulative return of 131% since our inception in May 2020, beating Ark and the majority of Wall Street funds.
Palantir has been one of the top-performing AI software stocks this year with a 156% YTD return, thanks to accelerating revenue growth and strong business momentum from its Artificial Intelligence Platform released last year.
· 103% YoY growth in US commercial remaining deal value and 152% YoY growth in US commercial total contract value to $262 million. Chief Revenue Officer Ryan Taylor explained that “one of the most notable indicators of our delivery is the volume of existing customers who are signing expansion deals, many of which are a direct result of AIP.”, customer count re-accelerated.
Gotham was the company’s first product and is built for government operatives in defense and intelligence sectors. The platform enables users to identify patterns hidden deep within datasets using semantic, temporal, geospatial and full-text analysis, with mixed reality capabilities to allow operations to be run in virtual environment as well. Graph allows data objects to be seen as nodes and edges, while Map track geo-located objects, run searches and display key data.
· The Dynamic layer connects models to objects and actions, reasoning across both the Semantic and Kinetic layers for AI-powered automation and AI-driven decision making, alongside multi-step simulations with AI predictive analytics to explore possibilities of changing actions or events The uniqueness of Palantir’s AIP and value that it can quickly provide has driven growth for the company. CEO Alex Karp said in Q2 that “across the commercial and government markets has been driven by an unrelenting wave of demand from customers for artificial intelligence systems that go beyond the merely performative and academic.”
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