Palantir Stock Surges Post-Earnings
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•Business
Business & Economics
Can Palantir Become a Trillion-Dollar Company?
83% Informative
Palantir 's stock rallied another 24% on Tuesday , surpassing $ 100 per share and reaching a market cap around $236.5 billion .
The big data platform is up 500% over the past year , cementing its standing as one of the biggest winners of the AI revolution .
The stock also looks wildly expensive at this moment, yet that hasn't stopped it from defying skeptics again and again.
Palantir Technologies may eventually reach $1 trillion over time, even though it looks very far away from achieving that milestone today .
Once a software platform achieves dominant status, it tends to get beneficial network effects.
It's why enterprise software platforms tend to be wide-moat, cash-generative businesses.
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