Key Takeaways Palantir Technologies shares soared to an all-time high Tuesday, a day after the company's outlook blew past analysts' expectations on strong demand for its Artificial Intelligence Platform.

Palantir Technologies Inc.’s PLTR share price has surged by 23.99%, which has investors questioning if this is right time to sell.

Palantir would need to grow into a $6.7 trillion market cap to turn a $25,000 investment into $1 million. This would be its valuation if it grew to 40 times its size today. There isn't even a $4 trillion stock on the market today but in 20 or 30 years, it may be much more common to see stocks trading at these types of valuations.

Palantir Technologies reported strong revenue growth last quarter as the company that made its name providing software to the U.S. government said demand for its artificial intelligence products continues to expand.

After “beating earnings” for the past four quarters in a row, Palantir Technologies (Nasdaq: PLTR) stock will attempt to do it again on Monday. The formerly private defense technologies giant, which has already rocketed 5x in value over the last 12 months,

SoundHound AI develops voice AI systems for automotive, retail, and healthcare organizations. Palantir's market cap is now larger than iconic companies like Starbucks, Pfizer, and Citigroup. There are thousands of publicly traded stocks,

Palantir executives welcomed the advent of low-cost artificial intelligence. Other software stocks could also see benefits from cheaper AI.