With shares up by almost 700% over the last five years, Palantir Technologies (NASDAQ: PLTR) has been one of the biggest winners on the software side of the generative artificial intelligence (AI) megatrend. It has rapidly incorporated the new technology into its business model, leading to skyrocketing revenue and earnings. That said, Palantir's stock rally has slowed over the last 12 months, leaving investors wondering whether it can return to the explosive growth it enjoyed in previous years.
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