Palantir's software-as-a-service (SaaS ... respectively, driven by "unrelenting" artificial intelligence (AI) demand, said CEO Alex Karp. The government and commercial businesses both performed well, with their revenue jumping 33% and 27%, respectively.

On its recent earnings conference call, Palantir made its case for being the biggest beneficiary of the AI boom -- perhaps even more than other big companies investors might think

Over the past 12 months, Palantir's stock has soared more than 170% as Microsoft's stock rose by less than 20%. Let's see why Palantir outperformed Microsoft by such a wide margin -- and if it's still the better AI stock for growth-focused investors.