Palantir Joins Top 20 U.S. Companies Amid AI Boom and Government Ties

Palantir Technologies Inc. reached a $375 billion market valuation on Friday, catapulting it into the ranks of America's 20 most valuable companies. The data analytics firm now surpasses legacy giants like Home Depot, Procter & Gamble, and Bank of America in market capitalization.

The company's 2025 stock surge—more than doubling this year—reflects growing Wall Street enthusiasm for its artificial intelligence platforms and deepening government contracts. Revenue from U.S. agencies jumped 45% to $373 million last quarter, with total sales hitting $884 million.

Despite the stratospheric valuation, Palantir's $3.1 billion annual revenue pales against peers. Mastercard, valued at $518 billion, generated $29 billion over the same period. The next earnings report on August 4 will test whether AI HYPE can justify the premium, with analysts forecasting 54% profit growth.