Palantir is back on every screen this month, up 14.55% in a single week as retail traders pile back into the AI infrastructure trade that briefly wobbled in June.
The AI trade in 2026 has splintered into four very different tapes. NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) is grinding higher.
Jim Cramer walked onto CNBC's Mad Dash last week on Wednesday morning and turned on a company he has championed for years.
Palantir is rated a buy, driven by accelerating growth, expanding margins, and a misunderstood business model with a durable moat. PLTR delivered 85% YoY revenue growth, a 60% adjusted operating margin, and a Rule of 40 score of 145, outpacing software peers. Valuation is at the low end of the historical range, with PLTR trading at 81.4x P/E NTM but offering superior growth and profitability versus winners like DDOG and SNOW.
PLTR's U.S. business is expanding at an exceptional pace, making domestic revenue growth one of the company's most important performance indicators.
Palantir Technologies remains a Buy as its mission-critical AI and ontology offerings drive robust operational growth amid sector headwinds. PLTR's Q1 2026 saw U.S. revenue up 104% YoY, 60% adjusted EBIT margin, and net retention rate expanding to 150%, underscoring resilient demand. Strategic partnerships with Nvidia and Google reinforce PLTR's moat and expand its AI ecosystem integration, supporting long-term growth prospects.
Palantir Technologies Inc. is positioned for long-term growth, driven by catalysts unveiled at AIPCon 10. PLTR's recent share price correction, when combined with updated EPS estimates, compressed its FWD P/E to ~90x "only." Further, PLTR's true valuation can be lower than the headline P/E as both free cash flow and owner's earnings exceed accounting EPS considerably.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), Palantir (NASDAQ:PLTR), and Advanced Micro Devices (NASDAQ:AMD) are the three names that defined this AI cycle.
Palantir Technologies remains a buy, supported by elite growth prospects in AI-driven defense and enterprise software, despite recent share price weakness. PLTR's US-centric revenue base and strong commercial growth are offset by risks from customer concentration, ethical concerns, and strained US-EU relations limiting international expansion. AI infrastructure stocks currently attract more investor capital, but PLTR's robust margins, accelerating earnings, and expanding cash generation justify a premium valuation.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) now carries a market capitalization of a little more than $300 billion as of July 3, 2026, which has taken many investors on a nice ride, given the company's the software-with-a-defense-flavor story.
Palantir Technologies Inc. has seen a 37.5% price decline from its all-time high, despite record revenue and profitability growth. PLTR delivered Q1 2026 revenue growth of 85% and net income margin of 53%, with US commercial revenue up 133% year-over-year. Management raised 2026 revenue guidance to $7.65-7.66B, implying 71% annual growth and strong visibility from a $4.9B backlog.
After more than a month-long pause, Palantir (NASDAQ: PLTR) stock recorded a new insider trade valued in the tens of millions of dollars on July 2, 2026.