“`html
Palantir Technologies (NASDAQ: PLTR) reported a 68% year-over-year increase in second-quarter sales, reaching its first quarter with $1 billion in revenue. The company also closed $2.27 billion in total contract value sales, a 140% rise, with a customer count growing 43% in the same timeframe. These achievements come amid the company’s stock price of $165 per share, which remains accessible to retail investors.
Palantir’s stock has surged over 2,000% in the past three years, and its 340% gain in 2024 made it the top gainer on the S&P 500. Despite the impressive growth, a stock split is unlikely at this time due to its current price level. Companies like Nvidia and Chipotle executed splits when their prices exceeded $1,000, suggesting Palantir would consider such a move only if its stock surpasses $500.
“`
