Palantir (PLTR) Hits Record High as AI Demand Fuels Rally

Palantir Technologies surged to an all-time high of $141.41, extending a blistering 85% year-to-date gain and 465% annual rally. The data analytics firm''s ascent reflects accelerating enterprise adoption of artificial intelligence, bolstered by robust earnings and strategic government contracts.

Loop Capital''s Mark Schappel raised his price target to $155, citing Palantir''s unique positioning in operational AI deployment. "We''re seeing pilot projects evolve into enterprise-wide implementations," he noted, highlighting the company''s automation tools for decision intelligence.

Retail investors are flocking to AI-themed equities, with Palantir emerging as a favored proxy. Political tailwinds may amplify growth, as analysts anticipate expanded defense and intelligence contracts under potential new administration policies.