Palantir’s History of Blowouts Faces Highest Multiple on Wall St

Palantir Technologies Inc. investors have been betting that the results coming after the markets close on Monday will be another blowout, but the recent run up has given the stock a high bar to clear.

At a time when other artificial intelligence companies and momentum-stock favorites have stalled amid tariff-related uncertainty, Palantir has built on the 340% surge it saw last year. The stock is not only the top-performing stock since President Donald Trump’s tariffs were announced a little more than a month ago, it is also the biggest gainer on the S&P 500 Index this year, up 65%, and ...