Palantir would need to grow into a $6.7 trillion market cap to turn a $25,000 investment into $1 million. This would be its valuation if it grew to 40 times its size today. There isn't even a $4 trillion stock on the market today but in 20 or 30 years, it may be much more common to see stocks trading at these types of valuations.

Palantir Technologies is a leading software company providing data analysis and decision-making solutions that leverage artificial intelligence . Its products are Palantir Foundry

Detailed price information for Palantir Technologies Inc Cl A (PLTR-Q) from The Globe and Mail including charting and trades.

In terms of performance, Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks of 2024. Palantir originally made its mark as a data gathering and analytics vendor primarily serving the U.

In the context of his full statement, he means the AI haves will be winners, and the AI have-nots will be losers. He's talking in a very broad sense -- from companies to countries. This black-and-white proclamation is much stronger than the usual comments one hears about how important AI will be.

Palantir's stock is detached from reality as it trades at an irrationally exuberant price. Find out why we have recently opened a short position in PLTR.