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.

Now the software company is anticipating entry into a new index, and investors are celebrating the move.  Palantir said Thursday that it plans to switch its listing to the Nasdaq from the New York Stock Exchange,