Palantir Stock Hits Record High Following Strong Forecast and xAI Partnership

The company’s market value now rivals corporate giants as its AI platform gains momentum and Wall Street revises expectations upward.

Palantir's stock surged nearly 10% on Thursday, closing at a record $111.28, and has risen over 30% this week following a strong 2025 forecast.
The company announced the integration of Elon Musk's xAI chatbot, Grok, into its Artificial Intelligence Platform, bolstering its AI capabilities.
Palantir's market capitalization has reached $245 billion, surpassing major corporations like McDonald's, IBM, and American Express.
The company reported significant growth in Q4 2024, including a 52% increase in U.S. revenue and a rise in adjusted operating profit margins to 45%.
Analysts remain divided on Palantir's valuation, with some seeing potential for it to become a major tech titan and others citing its high forward price-to-earnings ratio of 181 as a concern.