In 1986, Microsoft turned early investors into millionaires as shares surged. Today, Palantir Technologies (PLTR) may be the next millionaire-maker stock with a 1,770% increase since its 2020 IPO, outperforming the S&P 500 by 160% in the last year.

Palantir’s software, like the Gotham AI platform, assists military operations by integrating hardware for real-time decision-making. With the recent launch of the Artificial Intelligence Platform (AIP), Palantir’s customer base expanded beyond government and military buyers, resulting in a 2,000% stock increase.

Palantir’s Q3 earnings show commercial revenue growth of 121% and government revenue growth of 52%, leading to a 63% overall revenue increase year over year with a 33% GAAP operating margin. The company closed 204 deals of at least $1 million in Q3 and holds $6.4 billion in cash, debt-free.

Comparing Palantir to Microsoft after their IPOs, it’s evident that Palantir is outperforming growth rates. With a potential to create more millionaires, Palantir’s innovative software and financial performance make it a stock worth considering for long-term investment.

Read more at Nasdaq: Palantir Is Poised to Mint 10,000 Millionaires. Will You Be One of Them?