The past several years have been a roller coaster ride for Palantir Technologies (NYSE: PLTR) investors. The stock has gained an impressive 193% so far this year, but those gains essentially served to return the stock to where it traded just before its 64% plunge in 2022.

Palantir has faced macroeconomic headwinds, but it hasn't been sitting idly by waiting for the storm to clear. As the demand for generative artificial intelligence (AI) technologies reached a fever pitch, the company used its decades of AI expertise to develop its own competitive generative AI systems in just months.

A quick look at Palantir's management, its original purpose, and its current trajectory will help illustrate why this stock has so much potential. Here are three things about Palantir Technologies that the smartest investors know.

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Source Fool.com