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Barchart
Aditya Raghunath

Palantir Is Now a Top-10 Tech Company. Should You Buy Standout PLTR Stock Now?

Palantir PLTR United States Palantir Technologies US Army

Palantir Technologies (PLTR) has entered the top 10 U.S. tech companies by market cap, surpassing Salesforce (CRM) to claim the tenth spot. According to a CNBC report, the data analytics is now valued at $281 billion by market cap after shares jumped 8% last week, continuing a remarkable rally that has seen the stock more than quintuple over the past year.

Founded in 2003 by Peter Thiel and CEO Alex Karp, Palantir has defied the broader tech market downturn, with shares climbing 70.7% in 2025 while the Nasdaq Composite ($NASX) is down 1.5%. The company's growth has been fueled by its booming government business, which grew 45% to $373 million last quarter, including a $178 million U.S. Army contract for artificial intelligence (AI)-enabled systems.

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