Palantir's Market Value Soars Tenfold to $100B as Stock Hits Record High

Oct 25, 2024, 02:32 PM

Palantir Technologies Inc. (NYSE: PLTR) has reached a significant milestone as its market capitalization surpassed $100 billion for the first time. The company's stock hit a new all-time high, trading above $45 per share and reaching $44.70 at one point, marking a nearly tenfold increase in market value over the past two years. Palantir is now the 98th largest U.S. company by market cap. The surge reflects investor confidence in Palantir's growth prospects in the data analytics and artificial intelligence sectors.