Palantir Technologies Inc. (NYSE: PLTR), which has gained 340% this year, has positioned itself as a pioneer in applied artificial intelligence solutions for governments, the military, and enterprises.

Palantir Technologies stock (NASDAQ: PLTR) has had a solid run, rising by about 37% over the past month, and remains up by about 4x since the beginning of the year,

Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 6.2% in the morning session after the company announced that it has been granted FedRAMP High Authorization for Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service - Supporting Services (PFCS-SS).

Palantir is at just a slightly higher market cap than Nvidia was five years ago when it went on its huge stock run. Palantir would need to see parabolic revenue growth over the next five years to become as large as Nvidia.