Palantir CEO Alex Karp attended the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Penn., on July 15, 2025. Photo by ANDREW CABALLERO-REYNOLDS / AFP via Getty Images
Palantir Technologies Inc. ’s meteoric rise is pushing the company’s valuation further into record territory, forcing bullish investors to bank on increasingly robust future growth to justify its current level.
Shares of the data software company in early Monday trading retreated slightly from Friday’s all-time high close, shedding as much as two per cent. Still, the stock has gained close to 2,500 per cent since its 2020 debut. It is up almost 150 per cent this year, a rally underpinned by the company’s growing use of artificial intelligence, business ties to the Un