Palantir (NYSE: PLTR) has been using artificial intelligence (AI) before it was "cool" to do so. Since its inception, Palantir has utilized AI to sort through piles of data and derive actionable insights from it. Because Palantir has been in the AI game for a long time, it's not just using AI as a buzzword to drum up customer interest; it's an integral part of its platform.

However, the stock has risen nearly 140% in 2023, leaving many investors (including myself) wondering if they've been left in the dust. So is it too late to buy Palantir stock? Or are there more gains ahead? Let's find out.

Palantir's customer base is split into two halves: government and commercial. At first, Palantir was primarily focused on its government customers, but it has recently branched out to non-government clients. Still, government contracts are huge for Palantir, as 55% of fourth-quarter revenue came from government sources. Furthermore, government revenue grew 20% year over year, while commercial revenue rose 15%.

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Source Fool.com