Palantir Reaches $100 Billion Market Cap, Hits New All-Time High of $45, Closes at $44.85

Oct 25, 2024, 02:33 PM

Palantir Technologies Inc. (NYSE: PLTR) has reached a significant milestone by hitting a $100 billion market cap for the first time ever. The company's stock price also achieved a new all-time high, briefly touching $45 and closing at $44.85. This marks the first time Palantir has closed above the $100 billion market cap threshold. The stock has seen a nearly tenfold increase in market value over the past two years, making it the 98th largest U.S. company by market cap. The surge in stock price and market cap is attributed to growing investor confidence and the company's strong performance in the artificial intelligence sector. Additionally, Palantir reached a new 52-week high, with a Net Options Delta of +1M shares and an intraday high.