Throughout the Q4 reporting period, three companies, Netflix, Palantir, and Royal Caribbean, all posted notably strong results.
Shares of BigBear.ai (NASDAQ:BBAI) rocketed 21% higher last week and are up 133% in 2025.
Although there have already been a few obstacles this year, technology and artificial intelligence stocks have been on a tear for nearly 2.5 years. Of this group, few have excelled more than the decision-making AI company Palantir (PLTR 4.24%).
Shares of Palantir Technologies (PLTR 4.24%) continue to prove all the doubters wrong. Despite its seemingly egregious valuation, the stock continues to soar.
For the better part of the last two-plus years, the bulls have been in control on Wall Street. The mature stock-fueled Dow Jones Industrial Average, broad-based S&P 500, and growth-focused Nasdaq Composite have all reached numerous record-closing highs.
Palantir Technologies (PLTR 4.24%) was the best-performing member of the S&P 500 (^GSPC -0.27%) last year. Shares jumped 340% amid soaring demand for its artificial intelligence platform AIP, and that momentum has carried into the current year.
Palantir's Q4 earnings exceeded expectations, showing strong customer growth and operational efficiency, reinforcing the company's potential for future expansion and revenue increases. Despite a 75% gain, Palantir still presents scenarios with significant upside, driven by continued dominance and the secular AI trend. The stock's current valuation seems high, but holding a small position is justified due to potential upside if Palantir exceeds expectations.
Palantir has delivered a 1,300% return, with a +45% surge since my last update. 48% upside remains possible. Q4-24 revenue soared 36% YoY, led by a 64% YoY surge in US commercial sales and a 45% YoY government boost. PLTR hit $110, with an RSI of 83.4 suggesting overbought conditions and a possible short-term pullback before further upside is likely.
Palantir (NASDAQ:PLTR) stock has been going into overdrive this past week, adding to the 22% or so gains enjoyed following what was a remarkable quarterly earnings beat.
While Palantir's (NASDAQ: PLTR) share price has enjoyed a massive spike, one lingering concern is the company's ability to sustain this momentum due to the equity's current high valuation.
Did you miss out on the rise in Palantir's stock? If so, perhaps you are among the beneficiaries of the 415% rise in shares of data analytics service provider BigBear.ai – which is touted as the next Palantir.
Joe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss Elon Musk-led group's $97 billion takeover bid for OpenAI, the role of DOGE in Washington, the debate over carried interest, and more.