Palantir’s stock price rose over 2% on Friday, pushing it to a new record high. The company has become the 20th most valuable US company by market value, with its market cap reaching $375 billion.
Palantir’s artificial intelligence business has seen significant growth, with revenue in its US government business increasing 45% to $373 million in its latest quarter. Total sales rose 39% to $884 million. The company’s growth is attributed to its closer ties with the US government and investors’ bets on its AI capabilities.
Despite high stock prices, Palantir remains a smaller player in the market, trading at 273 times forward earnings. However, it still outperforms other companies like Mastercard, which has sales of around $29 billion over the past four quarters.
Source: https://www.cnbc.com/2025/07/25/palantir-jumps-to-all-time-high-becomes-20th-most-valuable-us-firm-.html