Palantir is the highest performing stock in the S&P 500 (SNPINDEX: \^GSPC) -- gaining 48% as of this writing (Feb. 12). Start Your Mornings Smarter! Wake up with

Palantir (NASDAQ:PLTR) stock continues its bull run, buoyed by yet another vigorous earnings report that reflected growing revenues, profits,

Palantir produced $2.8 billion in revenues in 2024, far and above BBAI’s $165 million. While that’s not a dealbreaker, SeekingAlpha sees Palantir having the edge.

Palantir was a business worth more than Wells Fargo, one of the top banks in the entire country. It's also worth more than McDonald's, Walt Disney, and many more top blue-chip companies. Its valuation doesn't make sense, and if it was a speculative buy before this recent rally, it's even more of one now.

Palantir continues to ride the AI wave. The stock has momentum and even short sellers are reluctant to bet against it.

The bottom line is that the attractiveness of stock prices, like beauty, is in the eye of the beholders. As long as enough investors think that Palantir's share price could continue rising, it will. For a bubble to burst, more investors must think there is a bubble than not. That might not happen with Palantir for a while.

Data analytics firm Palantir (PLTR) is the top-performing stock in the benchmark S&P 500 index so far this year.