Palantir Technologies (NYSE: PLTR) is a top data analytics company that has been leaning heavily into artificial intelligence (AI) of late. It launched a new AI platform, AIP, last year, and that has helped it grow its sales at a faster pace. And a recent report suggests that AIP may be better than the competition. Could this help lift this already scorching-hot stock to new heights?

Palantir's future growth prospects are going to hinge largely on how well AIP does. The company has been investing aggressively into its growth by launching boot camps with prospective customers to uncover opportunities where the platform can help them, which can lead to conversions and greater revenue growth down the road.

A recent report from Forrester Research, an advisory company, ranked Palantir's AIP as the best AI and machine learning platform. It was compared against other products from big-name tech companies, including Alphabet and Microsoft. Forrester reviewed 14 vendors in total, with Palantir's platform standing out from the pack.

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Source Fool.com