The past couple of years have been boom or bust for investors in Palantir Technologies (NYSE: PLTR). After plunging as much as 64% last year, the stock has done an abrupt about-face in 2023, soaring 166% -- and the year is far from over.

Even as the company suffered weakening demand in the face of economic headwinds, Palantir wasn't content to wait for the weather to clear. Management diligently sought to expand its addressable market, develop new solutions, and prepare for the inevitable rebound to come.

Yet, it's Palantir's long track record and intriguing history that may provide clues regarding its future potential. Here are a few things about Palantir Technologies the smartest investors know.

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Source Fool.com