This stock is showing striking similar movements to Palantir; Time to buy?

Core Insights - Palantir Technologies has experienced significant stock growth, with shares up 136% year-to-date, driven by increasing demand for its AI platforms in government and enterprise sectors [1] - Snowflake may be on a similar trajectory as Palantir, with steady revenue growth despite a stagnant share price since its IPO, indicating a potential pre-breakout phase [2][6] Company Developments - Palantir has secured a $10 billion contract with the U.S. Army and formed partnerships with Boeing's defense unit and NATO, reinforcing its position as a key AI provider in security and defense [4] - Snowflake is expanding its capabilities beyond data warehousing by acquiring Crunchy Data to enhance its PostgreSQL and AI application development, positioning itself to compete with Databricks [5] - Snowflake has partnered with Salesforce and dbt Labs on the Open Semantic Interchange initiative to improve enterprise data interoperability for AI applications [5] Leadership and Investor Sentiment - Snowflake's CFO Mike Scarpelli has stepped down after overseeing a $3 billion share buyback, which is perceived as a sign of confidence in the company's long-term value [5] - Institutional investors are increasing their stakes in Snowflake, reflecting a renewed optimism regarding its growth trajectory [6]