Palantir Technologies (PLTR) reached an all-time high of $109.60 on February 6, reflecting a remarkable 356% gain over the last year, significantly outpacing Bitcoin's 121% rise during the same period. Investors are pondering whether Palantir will maintain its performance, influenced by its strong growth in data analytics and ties to government agencies like the U.S. Department of Defense. Co-founders Peter Thiel and Joe Lonsdale support Bitcoin, with Lonsdale suggesting cryptocurrency will play a role in future AI financial transactions. Palantir's fourth-quarter revenue grew 36% year-over-year, resulting in a $245 billion market cap. Despite the optimism, Palantir's valuation appears speculative, trading at a 162x EBITDA multiple compared to Google's 19.5x and Microsoft's 21.5x. Investors seem to treat Palantir shares as a store of value, while Bitcoin's volatility remains lower, making cryptocurrencies appear riskier despite both assets vying for investment capital.

Source 🔗