Palantir also continues to introduce new products, including a visual navigation AI that can guide autonomous drones in areas without GPS. As a business, Palantir looks solid. It has an impressive set of competitive advantages, given its focus on defense tech and experience in data mining and analytics.

Palantir (PLTR) stock is red hot to end the week, touching a new all-time intraday high of $85.22 on Jan. 31. This comes as investors anticipate its fourth-quarter earnings release on Monday, Feb. 3.

Palantir consistently positions itself as a leader in enterprise-level artificial intelligence. It has also secured strong federal contracts while also benefiting from robust defense spending. One has to assume that the current administration should be net favorable for PLTR stock, making it a worthwhile opportunity.

Wedbush analysts last week raised their price target on Palantir stock to $90 from $75 and maintained an Outperfor

It has been quite the roller-coaster ride for Palantir (NASDAQ: PLTR) shareholders in the past few years. Palantir is a software and services provider of AI tools to the government, military, and big business.