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Palantir Technologies' stock has surged 400% in the past year, outperforming the S&P 500. The software company's commercial business has seen significant growth, with a 93% YoY increase in revenue to $306 million in Q2, accounting for 30.5% of total revenue. This success has contributed to Wall Street's obsession with the stock and has widened its total addressable market, making its long-term growth potential more promising.

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