The company is benefiting from high demand for computing power to support AI training and inferencing. Over the past couple of years, Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) have both shown their strengths in artificial intelligence (AI) -- and as a result,

Palantir ( PLTR -0.33%) is one of the most popular AI stocks on the market. It has delivered shareholders incredible performance, but everyone wants to know if there's room for more. A lofty yet achievable goal for many investors is to find stocks that have the potential to increase in value 10 times over the next decade.

Wedbush analysts led by Dan Ives raised their price target for Palantir’s stock to $160 from $140 Thursday, citing recent checks with customers and “growing confidence” in its artificial-intelligence platform (AIP),