The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago.

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

Palantir Technologies stock was soaring after the company posted a big beat with its fourth-quarter results on Monday afternoon. Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate of 11 cents,

Palantir bet on software that allows companies to deploy large-language models in a practical sense, and management says that’s paying off big time.

Palantir Technologies Inc. (NASDAQ: PLTR) stock cracked the $100 mark as it surged over 22% in after-hours trading. The catalyst was an earnings report that can only be classified as a blockbuster. The Palantir retail investing community is loud and active.

Palantir Technologies Inc.’s hefty premium will be in focus when the data analysis software giant reports earnings after the market close on Monday — with the stock trading at levels some see as difficult to maintain.