The artificial intelligence (AI) industry is on fire in 2024, sending AI-related tech companies to the stratosphere. Nvidia, Microsoft, and are some of the apparent winners.

Similarly, Palantir (NYSE: PLTR), a leading AI software company, has seen massive interest from customers and investors alike. The revenue growth rate improved in recent quarters, while the stock price increased by more than 56% in the first half of 2024.

While Palantir's prospects look bright, I can't convince myself to buy the stock -- at least, not until I become more comfortable with some of its major risks.

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Source Fool.com