Up 498% in the Past Year, Is It Too Late to Buy Palantir Stock?

Palantir Technologies (PLTR) cemented its place among America’s tech royalty after jumping over 498% in the past 12 months alone and most recently overtaking blue-chip giants Procter & Gamble (PG) and Home Depot (HD) in market value. Led by historic government contracts and skyrocketing demand for its artificial intelligence-driven technology, the firm now exceeds over $375 billion in valuation and ranks among the top-20 most valuable publicly traded U.S. companies.

The rally reflects investor confidence in the long-term health of Palantir’s AI advantage in the defense and public spaces. Its Q1 report reinforced the optimism, with revenue from the U.S. government surging 45% year-over-year to $373 million.