Technology stocks dominated 2023. The "Magnificent Seven" helped send the Nasdaq soaring over 40% last year as themes in artificial intelligence (AI) began to take shape.

While megacap companies such as Microsoft, , Nvidia, and Amazon have become synonymous with AI, savvy investors should understand that there are myriad opportunities beyond big tech. One of the more subtle winners last year was a Cathie Wood favorite, Palantir Technologies (NYSE: PLTR). While the data analytics business has long been viewed as a glorified government contractor, I see things a bit differently.

2023 was a milestone year for Palantir for several reasons. Let's explore the company's progress, and why 2024 could be even more lucrative.

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Source Fool.com