Palantir (NASDAQ: PLTR) is one of the hottest artificial intelligence (AI) stocks out there. It has risen an astronomical 362% since the beginning of 2024 and shows little signs of slowing down. However,

Palantir (NASDAQ:PLTR) had a topsy-turvy week, yet its upward trajectory remained largely unaffected by the AI chatter surrounding DeepSeek.

Palantir would need to grow into a $6.7 trillion market cap to turn a $25,000 investment into $1 million. This would be its valuation if it grew to 40 times its size today. There isn't even a $4 trillion stock on the market today but in 20 or 30 years, it may be much more common to see stocks trading at these types of valuations.

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.

Palantir Technologies (PLTR) remains one of the most compelling tech stocks today. As an artificial intelligence (AI) powerhouse, the company is recognized for its expertise in big data analytics and securing government contracts.

Karp has been hyping up the business, and that means expectations will be high for Palantir when it releases its results on Feb. 3. But even if it can deliver, that may not be enough to send the stock soaring.