Palantir consistently positions itself as a leader in enterprise-level artificial intelligence. It has also secured strong federal contracts while also benefiting from robust defense spending. One has to assume that the current administration should be net favorable for PLTR stock, making it a worthwhile opportunity.

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.

If you had invested $25,000 in Palantir Technologies (NASDAQ: PLTR) stock at the start of 2024, you would have finished the year with more than $110,000. Last year was a significant one for the business as it solidified itself as a top growth stock.