One company that is quickly emerging as a front-runner in the artificial intelligence (AI) revolution is Palantir Technologies (NYSE: PLTR), which has a suite of data analytics software platforms that it sells to the U.S. government, its Western allies, and the private sector.

Last year, Palantir released its Artificial Intelligence Platform (AIP), and it has been a game changer for Palantir, helping draw over 100 new customers in 2023. The company ended 2023 with 497 customers. Given that some of Palantir's enterprise deals are in excess of $10 million, the rapid customer adoption of AIP appears to be setting the company up for long-term sustained and robust growth.

Make no mistake about it -- as the bull narrative becomes clearer for Palantir, investors are taking note. The stock is up 200% over the last year, handily topping the return of the S&P 500 index. With such a dramatic shift in the stock, investors may be wondering if they've missed out.

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Source Fool.com