Palantir Technologies, an AI-powered defense contractor, sees 369% YTD return and controversy over ICE involvement.
Palantir Technologies, a defense contractor that uses AI-powered analytics to provide solutions to large amounts of data, has seen a 369% year-to-date return, making it the top-performing stock on the S&P 500 this year. Despite its high market value of over $150 billion, Palantir's quarterly revenue is less than $1 billion, making it the most expensive stock on the S&P by its price-to-sales ratio. Palantir's involvement with Immigration and Customs Enforcement has sparked controversy and criticism from human rights groups. Palantir's CEO, Alex Karp, is worth about $15 billion, while his co-founders Stephen Cohen and Joe Lonsdale also joined the billionaire ranks last month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FDUSD released an audit report in February: Reserve assets exceeded 100%, supporting 1:1 exchange
White House press secretary: Musk will no longer hold public office after completing DOGE work
Maxine Waters Criticizes Trump's Crypto Ventures at House Financial Services Committee Hearing
FDUSD Stablecoin Depegged Amid Insolvency Claims
Trending news
MoreCrypto prices
More








