With shares up more than 333% over the last 12 months, Palantir Technologies (NASDAQ: PLTR) has been a massive beneficiary of generative artificial intelligence (AI), which many believe could revolutionize how people use and interact with big data.

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.

Palantir Technologies (PLTR), a software company that specializes in big-data analytics, will release its Q4 financials on February 3. PLTR

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.

Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks of 2024, rising by a staggering 340%. A $15,000 investment in the data analytics stock at the start of the year would have been worth more than $66,