As 2023 draws to a close, investors might be wondering which companies have the best prospects heading into next year. Among tech stocks, it's hard to ignore the "Magnificent Seven:" Apple, Microsoft, , Nvidia, Tesla, Amazon, and Meta Platforms. Each of these companies is at the forefront of artificial intelligence (AI) and is dominating industry sectors such as cloud computing and semiconductors.

One other company that I believe is emerging as a leader in AI is the data analytics provider Palantir Technologies (NYSE: PLTR). After a rock solid third-quarter earnings report, Palantir looks well positioned to compete with the world's largest tech companies for the long run. Let's look at its growth and why I think the party is just getting started.

For many years, Palantir was largely considered to be a government contractor, given its close ties to the U.S. military and its Western allies. For this reason, Wall Street was not overly bullish on its growth prospects given the lumpy nature of government contracts.

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Source Fool.com