Each market cycle brings about names that become market leaders in terms of price action, reaching stratospheric valuations and wiping out all sellers who are stubborn enough to fight them. While most will stay on the sidelines and call them expensive, seasoned investors know that some companies are worth overpaying for when the story and the numbers start to line up.
Right now, Palantir Technologies Inc. (NASDAQ: PLTR) is that story. Shares are up 476.4% over the past year, driven by growing demand for AI solutions tied to national security and large-scale infrastructure.
