Harnessing AI, Rallying the Base: Palantir's Rise

Palantir has experienced remarkable growth, with its stock surging 125% year to date and nearly quintupling since 2022. The company’s strong position as a government contractor allows it to capitalize on the AI wave. Its recent inclusion in the S&P 500 and the CEO's impactful public persona have further boosted its profile. Karp's patriotic messaging has created a devoted retail investor following, who now hold around 40% of the firm’s shares, reflecting the intersection of corporate performance and community engagement, possibly assigning it meme stock status.

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