The Defense Contractor Nobody Wanted Became an AI Darling That Turned $1,000 Into $14k and There’s a Play Today Quick Read – PLTR delivered a 1,327% return since its 2020 IPO but has since shed 24% year to date, now trailing the S&P 500. – AIP drove Q4 U.S. commercial revenue up…
7%, but a 152x trailing P/E leaves zero room for execution errors. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn’t make the cut. Grab the names FREE today
From Defense Contractor Curiosity to AI Poster Child When Palantir (NASDAQ:PLTR) went public via direct listing on September 30, 2020, most investors saw a slow-growth government data shop with messy stock-based comp. Gotham powered defense and intel work, Foundry served a handful of commercial clients, and the stock drifted for years with an “overhyped” label glued to it. Then 2023 happened.
The launch of AIP (Artificial Intelligence Platform) plugged Palantir straight into the generative AI gold rush. The stock joined the S&P 500 in September 2024, CEO Alex Karp became the loudest voice in enterprise AI, and the commercial book exploded. Q4 2025 revenue grew 70% year over year, U.S. commercial revenue surged 137%, and the Rule of 40 score hit 127.