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Many don't understand the importance of Palantir, specially witch such young and unstoppable sector such as the revolutionary AI craze that has branched out and all continue to do so, specially when it comes to weapons and what such a great company that has no competition such as Palantir that offers many of its clients defense

Palantir's customers include:

Government agenciesThe US Department of Defense, US Air Force, US Department of Homeland Security, and the National Geospatial-Intelligence Agency
Large businessesAmazon Services, AT&T, United Airlines, CVS Health, BP, Stellantis USA, Rio Tinto, and General Mills
Other companiesMorgan Stanley, Merck KGaA, Airbus, Wejo, Lilium, PG&E, Fiat Chrysler Automobiles, Origin Energy, and Aramark

Palantir's software is used for data integration and analysis, and for continuous integration/continuous delivery (CI/CD). The company's relationship with the CIA began when it sold its software to help detect roadside bombs in the wars in Iraq and Afghanistan. Palantir also developed a commercial branch to sell its software to other large businesses.

The global big data analytics market size was valued at USD 307.51 billion in 2023. The market is projected to grow from USD 348.21 billion in 2024 to USD 924.39 billion by 2032, exhibiting a CAGR of 13.0% during the forecast period. The U.S. Big Data Analytics Market is anticipated to grow significantly, reaching an estimated value of USD 248.89 billion by 2032, driven by Increasing Adoption of Databases across Industries.

Source: https://www.fortunebusinessinsights.com/big-data-analytics-market-106179

One thing is for sure, with this sector growing Palantir could eventually become the leader in Big Data Analytics specially for Government agencies and Businesess

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Disclaimer

The user NahuaCapital has a position in NasdaqGS:PLTR. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.