Key Points
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Palantir Technologies has a market value of approximately $360 billion, while Shopify and AppLovin aim to surpass that within five years.
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As of 2025, Shopify is valued at $172 billion and would need to increase by 110% to reach $361 billion, implying a 16% annual return for shareholders. In contrast, AppLovin, currently valued at $160 billion, must rise 126% to hit the same market cap, translating to an 18% annual return.
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Shopify reported a 30% increase in sales to $11.5 billion, and operating income increased 37% to $1.5 billion in 2025. AppLovin’s advertising revenue surged 70% to $5.4 billion, with net income from continuing operations up 116% to $3.4 billion.
