Finally, in the latest quarter, Palantir brought in $134 million in net income -- its highest quarterly profit ever.

The Silicon Valley billionaire thinks Palantir's growth story is just getting started.

So, what about Palantir Technologies (NYSE: PLTR), a company at the forefront of the artificial intelligence (AI) revolution?

Both companies have enjoyed stunning gains in 2024 thanks to AI, but they are trading at expensive valuations.

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