Morgan Stanley has finally conceded that Palantir Technologies is not a stock to sell, but its analysts aren’t quite ready to call it a buy either.

Companies like Palantir Technologies Inc. are the biggest beneficiaries of the increased demand for artificial intelligence solutions across both commercial and government sectors. The software company recorded a significant 23% rise in its stock price,

Palantir Technologies Inc. shares jumped after giving a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.

Palantir bet on software that allows companies to deploy large-language models in a practical sense, and management says that’s paying off big time.