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Core News Facts
Palantir Technologies’ shares have surged over 2,500% since the beginning of 2023, reaching a market cap of over $401 billion by November 28, 2023. This market cap positions Palantir as the eighth most valuable tech stock in the U.S. Its key platforms, Gotham and Foundry, serve governmental and commercial sectors, boasting substantial growth due to long-term contracts.
Despite its rapid ascendancy, historical trends suggest potential volatility for Palantir, as prior innovations have often led to market corrections. Currently, Palantir holds a price-to-sales ratio of 110, significantly higher than the unsustainable 30 benchmark, raising concerns about its long-term viability and the possibility of a bubble burst in 2026.
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