Is Palantir's Deal With Nvidia a Game Changer?

Core Insights - Palantir has experienced significant stock performance, rising 2,670% since 2023, largely driven by the AI arms race and a new partnership with Nvidia [1][2] Company Performance - Palantir's platform has transitioned from government use to widespread commercial adoption, integrating AI into workflows and capitalizing on the generative AI trend [4] - The partnership with Nvidia allows Palantir's platform to run on Nvidia's GPUs, making it easier for clients to deploy Palantir's software with pre-built solutions, potentially enhancing its attractiveness [5] Financial Results - In Q3, Palantir reported a 63% revenue growth rate, reaching $1.2 billion, with 40% of that revenue converted into net income, indicating strong financial health even before the Nvidia partnership [7]