Palantir (NASDAQ: PLTR) is one of the hottest artificial intelligence (AI) stocks out there. It has risen an astronomical 362% since the beginning of 2024 and shows little signs of slowing down. However,

Palantir Technologies is a leading software company providing data analysis and decision-making solutions that leverage artificial intelligence . Its products are Palantir Foundry

In terms of performance, Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks of 2024. Palantir originally made its mark as a data gathering and analytics vendor primarily serving the U.

Palantir would need to grow into a $6.7 trillion market cap to turn a $25,000 investment into $1 million. This would be its valuation if it grew to 40 times its size today. There isn't even a $4 trillion stock on the market today but in 20 or 30 years, it may be much more common to see stocks trading at these types of valuations.

Palantir (NASDAQ:PLTR) had a topsy-turvy week, yet its upward trajectory remained largely unaffected by the AI chatter surrounding DeepSeek.

Karp has been hyping up the business, and that means expectations will be high for Palantir when it releases its results on Feb. 3. But even if it can deliver, that may not be enough to send the stock soaring.

Palantir's stock is detached from reality as it trades at an irrationally exuberant price. Find out why we have recently opened a short position in PLTR.