Another key product Palantir has introduced is its Artificial Intelligence Platform (AIP). AIP allows its clients to integrate AI throughout a business's inner workings, making AI a tool that isn't just used on the side. That's a key differentiator from many AI products available and has been a big reason for Palantir's blowout results.

The change positions Palantir for entry into the Nasdaq 100 index, after it joined the S&P 500 several months back.