One of the biggest investment themes in 2023 was artificial intelligence (AI). The "Magnificent Seven" stocks in particular helped fuel gains across major indexes, and the momentum appears to have carried over into 2024 (for now).

As markets move higher, one company looks especially intriguing to me: Palantir Technologies (NYSE: PLTR). The data analytics specialist is not currently a member of the S&P 500 index; however, after four consecutive quarters of profitability on a generally accepted accounting principles (GAAP) basis, inclusion in the index could be getting closer.

The stock is up almost 150% over the past year, and I think there are many reasons why it could surge further in 2024 and beyond. Let's dig into how Palantir is disrupting the AI market and why the company looks well-suited to dominate over the long term.

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Source Fool.com