Palantir Technologies shares have seen significant growth, surpassing a 50% increase in value so far this year. The company has hit multiple record highs in recent weeks, with Thursday’s closing price marking another milestone.
Analysts attribute the stock’s success to strong demand from retail investors, who are drawn to Palantir’s AI analytics software. The company recently reported stronger-than-expected earnings forecasts for 2025, driven by increased interest in its product.
Palantir has seen “record retail demand,” with $339.72 million in sales during the week ending Tuesday, according to Vanda Research. This growth is largely attributed to the integration of Grok, a chatbot from Elon Musk’s xAI platform, into Palantir’s AI analytics software.
While Palantir trails only Nvidia and Tesla in terms of retail investor demand, its shares have still seen substantial growth. The stock has risen 390% over the past year, with Thursday’s closing price reaching $117.91.
Source: https://finance.yahoo.com/news/palantir-stock-surged-retail-investors-214749905.html