Wedbush Securities analyst Dan Ives has said Palantir Technologies (NYSE: PLTR) is probably the best pure-play artificial intelligence (AI) stock on the market. He also called the company an "undiscovered gem" following its fourth-quarter earnings report, which highlighted unprecedented demand for its new platform.

Ives has referred to AI as the fourth industrial revolution, likening its potential impact to the advent of the internet and the invention of the smartphone. Those technologies created significant wealth for investors, and the AI boom could be just as lucrative.

Here's what investors should know about Palantir.

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Source Fool.com