For a company its size, Palantir stock has reached some of the highest valuation levels in market history.

There have been plenty of companies that have benefited from the artificial intelligence (AI) boom over the past few years, but you could argue Palantir ( PLTR 2.53% ) has been the torchbearer of AI stocks.

Even as Nvidia has shocked investors by growing to become the most valuable company in the world, I'm sure many would be surprised to know that Palantir has more than doubled Nvidia's returns since the beginning of 2023.

Palantir, which builds data and analytics tools for government and corporate clients, has delivered quarter after quarter of growing revenue and profits. The results speak for themselves. However, there is one major red flag that has me steering clea

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