Palantir (NASDAQ: PLTR) stock is soaring following another fantastic quarterly update. *Stock prices used were the afternoon prices of Feb. 3, 2025. The video was published on Feb. 5, 2025. Where to invest $1,

Key Takeaways Palantir Technologies shares soared to an all-time high Tuesday, a day after the company's outlook blew past analysts' expectations on strong demand for its Artificial Intelligence Platform.

Palantir Technologies (NASDAQ: PLTR) stock continued its winning streak on Thursday, climbing as much as 7.9%. As of 3:23 p.m. ET, the stock was still up 7.9%. The artificial intelligence (AI) software and data mining specialist continued a trend that began earlier this week when the company reported blockbuster financial results.

The momentum we are seeing across sectors, both commercial and government, is unlike anything that has come before,” declared Palantir

Palantir executives welcomed the advent of low-cost artificial intelligence. Other software stocks could also see benefits from cheaper AI.

You can't spell gains without "AI" In the fourth quarter, Palantir generated revenue that accelerated to 36% year over year (and 14% sequentially) to $828 million. This resulted i