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Democrats Press Palantir for Contract Details Over Privacy, IRS Access Concerns

Democrats Press Palantir for Contract Details Over Privacy, IRS Access Concerns

Yahoo3 days ago

A group of Democratic lawmakers is demanding answers from Palantir (PLTR, Financials) over its federal contracts, warning the company may be assisting the Trump administration in creating a government-wide database that could include sensitive taxpayer information.
The inquiry comes after The New York Times reported that Palantir is in talks with multiple federal agencies, including the Internal Revenue Service and the Social Security Administration, to expand use of its Foundry data platform.
In a letter released Tuesday, Sen. Ron Wyden (D-Ore.), Rep. Alexandria Ocasio-Cortez (D-N.Y.) and six other lawmakers wrote that the company is enabling and profiting from serious violations of Federal law by the Trump Administration, which is amassing troves of data on Americans to create a government-wide, searchable mega-database' containing the sensitive taxpayer data of American citizens.
They added, This potential mega-database' at the IRS and elsewhere also raises myriad potential violations of privacy laws designed to strictly limit those who can access the tax return records of individuals and businesses.
The letter cited provisions in the Internal Revenue Code and the Privacy Act of 1974, which restrict how personal and tax data may be used or shared across agencies.
Palantir has strongly denied the allegations. In a statement, the company said, Palantir is not building a master database. Palantir is neither conducting nor enabling mass surveillance of American citizens. No amount of parroting of this false accusation will make it true.
In a follow-up letter shared publicly, Palantir wrote, Palantir's software is built at every stage to uphold, not undermine, legal and regulatory protections as well as the ethics and standards that help institutions govern the appropriate uses of powerful technologies.
The company also objected to how the story was reported, stating, We object very strongly to The New York Times, or anyone, portraying technology and privacy as opposing forces; we believe that, done well, they reinforce each other.
Despite the company's denial, lawmakers are requesting that Palantir disclose a full list of its federal contracts, whether it has sought liability protections, and if it maintains any internal red lines for terminating service to the government in cases of legal or human rights violations.
Palantir has not publicly confirmed whether it will comply with the request.
This article first appeared on GuruFocus.

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Live Updates: Israel and Iran Trade New Strikes on 9th Day of War
Live Updates: Israel and Iran Trade New Strikes on 9th Day of War

New York Times

time18 minutes ago

  • New York Times

Live Updates: Israel and Iran Trade New Strikes on 9th Day of War

President Trump was angry. Earlier this month, Tulsi Gabbard, his director of national intelligence, had posted a three-and-half-minute video to social media describing her visit to Hiroshima, Japan, and outlining the horrors caused by the detonation of a nuclear weapon there 80 years ago. Speaking directly to the camera, Ms. Gabbard warned that the threat of nuclear war remained. 'As we stand here today, closer to the brink of nuclear annihilation than ever before,' she said, 'political elites and warmongers are carelessly fomenting fear and tension between nuclear powers.' Mr. Trump berated Ms. Gabbard for the video, according to two people briefed on the conversation. He said that her discussion of nuclear annihilation would scare people and that officials should not talk about it. Mr. Trump's displeasure with the video laid bare months of his skepticism of Ms. Gabbard and frustrations with her. The president and some administration officials viewed her overseas travel, as the video exemplified, as being as much about self-promotion of her political career as it was about the business of government, multiple officials said, who spoke on the condition of anonymity to discuss internal dynamics of the administration. But the tensions surrounding Ms. Gabbard are now in the open, as Mr. Trump considers mounting a military strike on Iran. Ms. Gabbard, a critic of overseas entanglements, has privately raised concerns of a wider war. And on Friday Mr. Trump said 'she's wrong' when he was asked about her testimony in March that Iran had not decided to build a nuclear weapon. After the video was posted, the president also told Ms. Gabbard that he was disappointed in her, and wished she had used better judgment, according to one of the two people briefed on the conversation. He told Ms. Gabbard that he believed she was using her time working for him to set herself up for higher office. Mr. Trump told Ms. Gabbard that if she wanted to run for president, she should not be in the administration, one of the people briefed on the meeting said. Image Ms. Gabbard and her husband, Abraham Williams, at her swearing-in at the White House in February. Credit... Eric Lee/The New York Times While Ms. Gabbard is a former Democrat, her credentials as a critic of America's long wars in Iraq and Afghanistan and as a skeptic of foreign military interventions appeal to Mr. Trump's base, and her views dovetail with those of some of his other advisers. Her supporters are openly advocating that the president keep her. 'The president needs someone who will give him the right intelligence information, whether he likes it or not,' said Daniel L. Davis, an analyst at the think tank Defense Priorities, which advocates a restrained foreign policy. 'If you put someone else in there, they might only tell him what he wants to hear.' Mr. Davis, a retired Army lieutenant colonel, was Ms. Gabbard's choice for a top intelligence role before criticism from Republicans over his skepticism of Israel's war in Gaza forced her to rescind the appointment. There is no question, officials said, that Ms. Gabbard's standing has been weakened and that she is embattled. But few in the administration want to see her depart. Some say she has people who like her, while others worry about who might replace her. Two officials said that Mr. Trump's anger over the video had faded and that they were back on better terms. Ms. Gabbard continues to brief the president regularly and speaks often to John Ratcliffe, the C.I.A. director, who held Ms. Gabbard's job in the first Trump administration, according to multiple officials. In a statement, the White House press office dismissed any notion she has been sidelined. Steven Cheung, a White House spokesman, said Mr. Trump had 'full confidence' in his national security team. 'D.N.I. Gabbard is an important member of the president's team and her work continues to serve him and this country well,' Mr. Cheung said. Ms. Gabbard was an aggressive supporter of Mr. Trump on the 2024 campaign trail. He and his top advisers valued her input, especially when Mr. Trump was preparing to debate Vice President Kamala Harris — whom Ms. Gabbard had memorably attacked in a Democratic primary debate in 2019. After the election, Mr. Trump quickly decided to nominate her for director of national intelligence. But from the beginning he made clear to associates that he harbored some doubts. Mr. Trump, according to associates, saw her as overly interested in her own success. Mr. Trump drew a contrast between Ms. Gabbard and the other former Democrat he named to his cabinet, Robert F. Kennedy Jr. 'Bobby's a star,' Mr. Trump told one associate. 'Tulsi? Tulsi wants to be a star.' Mr. Trump's implication was that unlike Mr. Kennedy, Ms. Gabbard did not have what it took to succeed in politics. Image Ms. Gabbard with Mr. Trump, Robert F. Kennedy Jr. and Tucker Carlson during a campaign event in Georgia in October. Credit... Kenny Holston/The New York Times And soon after her swearing-in, he began to complain about her effectiveness. At the same time, Mr. Trump — long mistrustful of the intelligence community — questioned whether there needed to be an Office of the Director of National Intelligence at all. A senior intelligence official said Ms. Gabbard had overseen a 25 percent cut in the size of her office. And Ms. Gabbard has repeatedly told people in the White House that she is willing to be the last director of national intelligence, according to an official. The office, Ms. Gabbard said, could be reabsorbed into the C.I.A., or become something akin to the National Security Council, a bare-bones oversight group. At least for a time, the kind of foreign policy restraint Ms. Gabbard favors appeared to gain traction this spring. In White House discussions about Israel and Iran, Ms. Gabbard raised the range of possible consequences of an Israeli strike against Iran, saying it could trigger a wider conflict that brought in the United States. Vice President JD Vance, at times also a skeptic of military intervention, made similar arguments and was among those who supported Mr. Trump's impulse to initially try to negotiate a deal with Iran. As the C.I.A. delivered intelligence reports that Israel intended to strike Iran regardless, Mr. Trump and senior aides became more publicly supportive of the Israeli campaign. Ms. Gabbard did not attend a key meeting at Camp David, where Mr. Ratcliffe presented assessments about Iran's nuclear program. Ms. Gabbard, according to officials, was on Army Reserve duty. Other people with knowledge of the matter have said she was not invited. (Karoline Leavitt, the White House press secretary, said Ms. Gabbard had met daily with Mr. Trump and his team.) Then on Tuesday, Mr. Trump contradicted Ms. Gabbard in public. After the Israeli strikes began, a journalist on Air Force One asked Mr. Trump about Ms. Gabbard's testimony in March that Iran had not decided to make a nuclear bomb. 'I don't care what she said,' Mr. Trump said. 'I think they were very close to having it.' He made similar comments on Friday. Image Mr. Trump, aboard Air Force One this week, contradicted Ms. Gabbard's assessment of Iran's nuclear program. Credit... Kenny Holston/The New York Times An official from Ms. Gabbard's office said her position was not at odds with Mr. Trump's. In her testimony, Ms. Gabbard reported the consensus opinion of the intelligence community: that Iran's supreme leader had not authorized the country to build a nuclear weapon. But Ms. Gabbard had also noted Iran's large stocks of enriched uranium and a shift in tone that was 'likely emboldening nuclear weapons advocates within Iran's decision-making apparatus.' But Mr. Trump's Air Force One remark came off as a rebuke. To a certain extent, some officials said, courting Mr. Trump's displeasure is a hazard of any intelligence job in his administration. Mr. Trump believes the intelligence community undermined him in his first term, and his long-held skepticism that it is part of a disloyal deep state continues. Ms. Gabbard, when briefing Mr. Trump, presents a range of options and assessments. But it is difficult to talk about the findings of spy agencies and not raise Mr. Trump's ire, the official said. Ms. Gabbard's most important job as director of national intelligence is overseeing, and delivering, the president's daily intelligence brief. But the brief is actually produced a few miles from her office at the C.I.A., and many of those working on the document are detailed from the agency. Ms. Gabbard announced internally last month that she would physically move the production of the brief to her headquarters, known as Liberty Crossing. Within the administration, several senior officials saw it as a way to try to enhance her own relevance at a time when Mr. Trump was questioning the relevance of the office. Others said it was an expensive decision that would be logistically difficult to carry out. Ultimately, the White House put the move on pause, according to multiple people briefed on the matter. Ms. Gabbard has influential defenders inside and outside the government. Mr. Vance, seen as the most senior voice for a less hawkish, more restrained foreign policy, issued a long social media post defending the administration's support of Israel's attack on Iran. He added to that a message supporting Ms. Gabbard. He also released a statement calling her a 'patriot.' Her supporters insist that she remains relevant and that, over time, her skepticism of American intervention in Ukraine and caution on military action against Iran will once more prevail. The possible delay of any decision by Mr. Trump to strike Iran represents an opportunity for diplomacy and critics of American military intervention to make the case for restraint, some of Ms. Gabbard's supporters said. Olivia C. Coleman, a spokeswoman for Ms. Gabbard's office, dismissed the reports of dissatisfaction or tensions with the White House as 'lies made up by bored, irrelevant anonymous sources with nothing better to do than sow fake division.' 'The director,' Ms. Coleman said, 'remains focused on her mission: providing accurate and actionable intelligence to the president, cleaning up the deep state and keeping the American people safe, secure and free.'

Israel-Iran ConflictLive Updates: Israel and Iran Trade New Strikes on 9th Day of War
Israel-Iran ConflictLive Updates: Israel and Iran Trade New Strikes on 9th Day of War

New York Times

time22 minutes ago

  • New York Times

Israel-Iran ConflictLive Updates: Israel and Iran Trade New Strikes on 9th Day of War

President Trump was angry. Earlier this month, Tulsi Gabbard, his director of national intelligence, had posted a three-and-half-minute video to social media describing her visit to Hiroshima, Japan, and outlining the horrors caused by the detonation of a nuclear weapon there 80 years ago. Speaking directly to the camera, Ms. Gabbard warned that the threat of nuclear war remained. 'As we stand here today, closer to the brink of nuclear annihilation than ever before,' she said, 'political elites and warmongers are carelessly fomenting fear and tension between nuclear powers.' Mr. Trump berated Ms. Gabbard for the video, according to two people briefed on the conversation. He said that her discussion of nuclear annihilation would scare people and that officials should not talk about it. Mr. Trump's displeasure with the video laid bare months of his skepticism of Ms. Gabbard and frustrations with her. The president and some administration officials viewed her overseas travel, as the video exemplified, as being as much about self-promotion of her political career as it was about the business of government, multiple officials said, who spoke on the condition of anonymity to discuss internal dynamics of the administration. But the tensions surrounding Ms. Gabbard are now in the open, as Mr. Trump considers mounting a military strike on Iran. Ms. Gabbard, a critic of overseas entanglements, has privately raised concerns of a wider war. And on Friday Mr. Trump said 'she's wrong' when he was asked about her testimony in March that Iran had not decided to build a nuclear weapon. After the video was posted, the president also told Ms. Gabbard that he was disappointed in her, and wished she had used better judgment, according to one of the two people briefed on the conversation. He told Ms. Gabbard that he believed she was using her time working for him to set herself up for higher office. Mr. Trump told Ms. Gabbard that if she wanted to run for president, she should not be in the administration, one of the people briefed on the meeting said. Image Ms. Gabbard and her husband, Abraham Williams, at her swearing-in at the White House in February. Credit... Eric Lee/The New York Times While Ms. Gabbard is a former Democrat, her credentials as a critic of America's long wars in Iraq and Afghanistan and as a skeptic of foreign military interventions appeal to Mr. Trump's base, and her views dovetail with those of some of his other advisers. Her supporters are openly advocating that the president keep her. 'The president needs someone who will give him the right intelligence information, whether he likes it or not,' said Daniel L. Davis, an analyst at the think tank Defense Priorities, which advocates a restrained foreign policy. 'If you put someone else in there, they might only tell him what he wants to hear.' Mr. Davis, a retired Army lieutenant colonel, was Ms. Gabbard's choice for a top intelligence role before criticism from Republicans over his skepticism of Israel's war in Gaza forced her to rescind the appointment. There is no question, officials said, that Ms. Gabbard's standing has been weakened and that she is embattled. But few in the administration want to see her depart. Some say she has people who like her, while others worry about who might replace her. Two officials said that Mr. Trump's anger over the video had faded and that they were back on better terms. Ms. Gabbard continues to brief the president regularly and speaks often to John Ratcliffe, the C.I.A. director, who held Ms. Gabbard's job in the first Trump administration, according to multiple officials. In a statement, the White House press office dismissed any notion she has been sidelined. Steven Cheung, a White House spokesman, said Mr. Trump had 'full confidence' in his national security team. 'D.N.I. Gabbard is an important member of the president's team and her work continues to serve him and this country well,' Mr. Cheung said. Ms. Gabbard was an aggressive supporter of Mr. Trump on the 2024 campaign trail. He and his top advisers valued her input, especially when Mr. Trump was preparing to debate Vice President Kamala Harris — whom Ms. Gabbard had memorably attacked in a Democratic primary debate in 2019. After the election, Mr. Trump quickly decided to nominate her for director of national intelligence. But from the beginning he made clear to associates that he harbored some doubts. Mr. Trump, according to associates, saw her as overly interested in her own success. Mr. Trump drew a contrast between Ms. Gabbard and the other former Democrat he named to his cabinet, Robert F. Kennedy Jr. 'Bobby's a star,' Mr. Trump told one associate. 'Tulsi? Tulsi wants to be a star.' Mr. Trump's implication was that unlike Mr. Kennedy, Ms. Gabbard did not have what it took to succeed in politics. Image Ms. Gabbard with Mr. Trump, Robert F. Kennedy Jr. and Tucker Carlson during a campaign event in Georgia in October. Credit... Kenny Holston/The New York Times And soon after her swearing-in, he began to complain about her effectiveness. At the same time, Mr. Trump — long mistrustful of the intelligence community — questioned whether there needed to be an Office of the Director of National Intelligence at all. A senior intelligence official said Ms. Gabbard had overseen a 25 percent cut in the size of her office. And Ms. Gabbard has repeatedly told people in the White House that she is willing to be the last director of national intelligence, according to an official. The office, Ms. Gabbard said, could be reabsorbed into the C.I.A., or become something akin to the National Security Council, a bare-bones oversight group. At least for a time, the kind of foreign policy restraint Ms. Gabbard favors appeared to gain traction this spring. In White House discussions about Israel and Iran, Ms. Gabbard raised the range of possible consequences of an Israeli strike against Iran, saying it could trigger a wider conflict that brought in the United States. Vice President JD Vance, at times also a skeptic of military intervention, made similar arguments and was among those who supported Mr. Trump's impulse to initially try to negotiate a deal with Iran. As the C.I.A. delivered intelligence reports that Israel intended to strike Iran regardless, Mr. Trump and senior aides became more publicly supportive of the Israeli campaign. Ms. Gabbard did not attend a key meeting at Camp David, where Mr. Ratcliffe presented assessments about Iran's nuclear program. Ms. Gabbard, according to officials, was on Army Reserve duty. Other people with knowledge of the matter have said she was not invited. (Karoline Leavitt, the White House press secretary, said Ms. Gabbard had met daily with Mr. Trump and his team.) Then on Tuesday, Mr. Trump contradicted Ms. Gabbard in public. After the Israeli strikes began, a journalist on Air Force One asked Mr. Trump about Ms. Gabbard's testimony in March that Iran had not decided to make a nuclear bomb. 'I don't care what she said,' Mr. Trump said. 'I think they were very close to having it.' He made similar comments on Friday. Image Mr. Trump, aboard Air Force One this week, contradicted Ms. Gabbard's assessment of Iran's nuclear program. Credit... Kenny Holston/The New York Times An official from Ms. Gabbard's office said her position was not at odds with Mr. Trump's. In her testimony, Ms. Gabbard reported the consensus opinion of the intelligence community: that Iran's supreme leader had not authorized the country to build a nuclear weapon. But Ms. Gabbard had also noted Iran's large stocks of enriched uranium and a shift in tone that was 'likely emboldening nuclear weapons advocates within Iran's decision-making apparatus.' But Mr. Trump's Air Force One remark came off as a rebuke. To a certain extent, some officials said, courting Mr. Trump's displeasure is a hazard of any intelligence job in his administration. Mr. Trump believes the intelligence community undermined him in his first term, and his long-held skepticism that it is part of a disloyal deep state continues. Ms. Gabbard, when briefing Mr. Trump, presents a range of options and assessments. But it is difficult to talk about the findings of spy agencies and not raise Mr. Trump's ire, the official said. Ms. Gabbard's most important job as director of national intelligence is overseeing, and delivering, the president's daily intelligence brief. But the brief is actually produced a few miles from her office at the C.I.A., and many of those working on the document are detailed from the agency. Ms. Gabbard announced internally last month that she would physically move the production of the brief to her headquarters, known as Liberty Crossing. Within the administration, several senior officials saw it as a way to try to enhance her own relevance at a time when Mr. Trump was questioning the relevance of the office. Others said it was an expensive decision that would be logistically difficult to carry out. Ultimately, the White House put the move on pause, according to multiple people briefed on the matter. Ms. Gabbard has influential defenders inside and outside the government. Mr. Vance, seen as the most senior voice for a less hawkish, more restrained foreign policy, issued a long social media post defending the administration's support of Israel's attack on Iran. He added to that a message supporting Ms. Gabbard. He also released a statement calling her a 'patriot.' Her supporters insist that she remains relevant and that, over time, her skepticism of American intervention in Ukraine and caution on military action against Iran will once more prevail. The possible delay of any decision by Mr. Trump to strike Iran represents an opportunity for diplomacy and critics of American military intervention to make the case for restraint, some of Ms. Gabbard's supporters said. Olivia C. Coleman, a spokeswoman for Ms. Gabbard's office, dismissed the reports of dissatisfaction or tensions with the White House as 'lies made up by bored, irrelevant anonymous sources with nothing better to do than sow fake division.' 'The director,' Ms. Coleman said, 'remains focused on her mission: providing accurate and actionable intelligence to the president, cleaning up the deep state and keeping the American people safe, secure and free.'

What Are the Top 5 Artificial Intelligence (AI) Stocks to Buy Right Now?
What Are the Top 5 Artificial Intelligence (AI) Stocks to Buy Right Now?

Yahoo

time23 minutes ago

  • Yahoo

What Are the Top 5 Artificial Intelligence (AI) Stocks to Buy Right Now?

Nvidia and Broadcom are two of the best plays on the artificial intelligence (AI) infrastructure build-out. TSMC has been a vital part of the semiconductor value chain and is set to benefit from increasing AI chip production. Palantir Technologies and GitLab are two strong AI software plays. 10 stocks we like better than Nvidia › Artificial intelligence (AI) has the potential to be the most important technological advancement in history, and it still appears to be in its early innings. As such, the space is still one of the most promising places to invest. When delving down to specific stocks to focus attention on, five of the best AI-related offerings to buy right now are Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), Taiwan Semiconductor Manufacturing (NYSE: TSM), Palantir Technologies (NASDAQ: PLTR), and GitLab (NASDAQ: GTLB). Each company has found a unique niche in the AI sector to exploit, and each has big opportunities ahead. Let's look at why these are among the best AI stocks to invest in right now for the long term. Nvidia's graphics processing units (GPUs) have become the backbone of AI infrastructure. These powerful chips are used to help power AI workloads, and demand has been soaring. The company's wide moat, however, comes from its CUDA software platform. Nvidia launched CUDA two decades ago to allow developers to program its GPUs more easily. It pushed CUDA into universities and research institutions early on, which helped CUDA become the de facto software program for AI developers. In Q1, the company had an over 90% market share in the GPU space. As a result, where AI infrastructure spending goes, Nvidia is sure to follow. While a slowdown in data center spending would be a risk, right now, demand for AI chips is only getting bigger. This is being driven by cloud computing companies pouring money into AI infrastructure to keep up with demand; large tech companies and AI start-ups spending big to create new foundational AI models; and even countries making large investments to not fall behind in the AI race. As AI infrastructure spending continues to ramp up, Nvidia remains a clear winner. Another company taking advantage of the AI infrastructure build-out is Broadcom. Rather than designing GPUs like Nvidia, it's been focused on networking components and helping customers design custom AI chips. It also added a software component when it acquired VMWare. Thus far, its strategy is paying off. Its Ethernet switches and other networking components help efficiently move data within huge AI clusters, making them an essential part of data center infrastructure. Last quarter, its AI networking revenue soared 70% and accounted for 40% of Broadcom's total AI revenue. However, Broadcom's biggest long-term opportunity comes from helping customers design custom AI chips, which can offer better performance and lower power consumption than off-the-shelf GPUs. Demand is starting to pick up. Broadcom says its top three custom chip customers are on track to deploy 1 million AI chip clusters each by 2027, representing a total opportunity of between $60 billion to $90 billion. On the software side, Broadcom also benefits from transitioning VMWare customers from perpetual licenses to a subscription models and upgrading them to its VMware Cloud Foundation (VCF) platform. VCF helps customers build hybrid and multi-cloud environments so they can manage workloads across public clouds and their own on-premises data centers. At the end of last quarter, 87% of its top 10,000 customers had adopted VCF. While an AI infrastructure spending slowdown is a risk, given its networking leadership, custom AI chip opportunity, and growing software revenue, Broadcom is well-positioned moving forward. While semiconductor companies garner most of the attention from investors, Taiwan Semiconductor Manufacturing is the company that actually manufactures most of these AI chips. It's the clear leader in advanced semiconductor manufacturing and a key partner to top customers like Nvidia, Apple, and Broadcom. Meanwhile, AI is driving its business. High-performance computing now makes up 59% of its revenue, up from 46% a year ago. Most of that comes from advanced nodes. Nodes refer to the manufacturing process used to make chips. The smaller the number (measured in nanometers), the more transistors you can pack onto a chip. This improves a chip's performance and power efficiency, and TSMC is the best in the world at making these at scale. And with rivals struggling to make advanced chips, this has given TSMC strong pricing power, as well. The biggest risk to TSMC is a slowdown in AI infrastructure spending, which would hit both revenue and fab utilization. However, the company is working closely with its largest customers to build out capacity in lockstep with their demand. With advanced-node capacity tight, TSMC is well-positioned to continue to be an AI infrastructure build-out winner. Palantir Technologies has emerged as a key player in the AI space. Instead of putting resources into developing AI models, the company focuses on the applications and workflow layers of AI to essentially develop an AI operating system. It does this by gathering data from a wide array of sources and organizing it into an ontology that links the data to its real-world counterparts. As a result, the company's AI Platform (AIP) can help organizations solve complex problems. This includes everything from monitoring sepsis in hospitals to streamlining underwriting processes in insurance. The sheer number of use cases across various industries that AIP can handle is just an enormous opportunity for Palantir moving forward. The company saw its revenue growth consistently accelerate over the past two years, including a 39% increase last quarter. The stock is not without risks, as it carries a high valuation and is exposed to government budget cuts, since the federal government is still its largest client. However, Palantir is unique in the AI space and has one of the biggest opportunities in front of it. GitLab is a leader in the DevSecOps space, offering a platform that helps developers build software securely. It's been an AI winner, as customers expand seats and upgrade to its higher-tier platforms as AI increases the customers' software development. GitLab is also helping customers become more productive with products like GitLab Duo, which uses AI to provide code suggestions and automation to streamline development. The company consistently delivered strong revenue growth of between 25% to 40% over the past two years and boasts impressive gross margins and solid free cash flow. It's also done a great job growing within its existing customer base, as evidenced by its 122% dollar-based net retention over the past 12 months. Most of this is coming from seat expansions, followed by strong upgrades to higher-tiered offerings. While there has been concern that AI will replace coders, right now the opposite has been true, as GitLab's technology is being used to make software developers more productive, not replace them. This is driving strong growth and makes the company look like a solid long-term winner. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Geoffrey Seiler has positions in GitLab. The Motley Fool has positions in and recommends Apple, GitLab, Nvidia, Palantir Technologies, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. What Are the Top 5 Artificial Intelligence (AI) Stocks to Buy Right Now? was originally published by The Motley Fool Sign in to access your portfolio

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