Palantir Stock Soars 1,470% Over Three Years Amid AI Boom

Palantir Technologies (PLTR) has delivered staggering returns for investors who held through the post-2021 bear market. A $1,000 investment in August 2022 WOULD now be worth approximately $15,700, marking a 1,470% surge.

The data analytics company's turnaround began in earnest after OpenAI's ChatGPT breakthrough focused market attention on artificial intelligence. Palantir's April 2023 launch of its Artificial Intelligence Platform (AIP) proved transformative, with clients reporting substantial productivity gains that accelerated revenue growth.

While the stock initially struggled post-IPO—briefly dipping below $6 in late 2022—its current valuation reflects the market's recognition of Palantir's positioning at the intersection of government contracts and enterprise AI adoption.