Palantir Technologies (NASDAQ:PLTR) creates big data analytics software platforms that assist governments and companies in making difficult decisions. Its products are, Palantir Gotham and Foundry, allow for the connecting and analyzing of sensitive information for security agencies and commercial clients in sectors like finance and pharmaceuticals.

Nvidia and Palantir have been two of the biggest AI winners over the past few years. Nvidia has become the dominant player in AI infrastructure, with its GPUs the backbone of the data center buildout.

Palantir Technologies (NASDAQ: PLTR) is an excellent example of how this can work. Let's dig deeper to see if the data analytics and artificial intelligence (AI) leader is still capable of multibagger long-term returns.