For a non-consumer-facing business, Palantir has long had an unusually enthusiastic set of fans. It boasts 328,000 followers on X today, among them, Elon Musk. But hype about it went into hyperdrive in connection with President Donald Trump’s election victory in 2024. Palantir co-founder Peter Thiel was an early backer of Trump and is a close associate of Vice President JD Vance, who previously worked for him at venture capital firm Mithril Capital. To be fair, a majority of Palantir’s revenues come from government contracts, and it boldly inserted itself into controversial partisan issues in a way that aligns with Trump’s priorities. The company worked with Immigration and Customs Enforcement (ICE) to help with deportations during the first Trump presidency.Palantir’s business is booming as private-sector clients adopt its AI-boosted data analytics tools and more federal agencies climb aboard. Is it worth investing in Palantir?

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