Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Top AI Stocks Taking Wall Street by Storm. On August 5, Raymond James analyst Brian Gesuale reiterated a Market Perform rating on the stock. The rating affirmation follows Palantir’s blowout quarter,

Palantir (PLTR) shares closed higher on Friday after a senior Wedbush analyst, Dan Ives, said the data analytics firm will exceed $1 trillion in market cap within the next three years. Ives’ bullish remarks arrive only days after the Denver-headquartered firm reported a blowout Q2 and raised its full-year guidance,

Palantir landed a significant 10-year, $10 billion U.S. Army framework agreement that consolidated 75 contracts into one. The U.S. Space Force also awarded a $218 million delivery order and raised the spending ceiling for Palantir's Maven Smart System to $795 million.