Palantir Technologies (NASDAQ: PLTR) made history when it peaked near $125 per share on Feb. 18, achieving an unprecedented valuation of 61 times forward sales. The stock at that point had skyrocketed 625% since January 2024,

After a nearly two-and-a-half-year bull run on Wall Street, there are a lot of stocks trading at elevated valuations. Few stocks have benefited from investors' thirst for AI exposure more than Palantir Technologies (NASDAQ: PLTR),

Palantir (PLTR) has undoubtedly been a shining star of the artificial intelligence (AI) boom, delivering jaw-dropping returns of nearly 955% over the past two years. From powering military operations and supply chains to fighting fraud and enhancing healthcare,