Palantir's stock price hits a new all-time high, with its market value rising to the top twenty in U.S. stocks

According to Zhitong Finance APP, American data analysis company Palantir (PLTR.US) has reached another important milestone, officially entering the list of the 20 highest market value companies in the United States, driven by a surge in its stock price. As of Friday, the company's stock price rose more than 2%, reaching a historic high and pushing its market value to $375 billion, surpassing Home Depot (HD.US), Procter & Gamble (PG.US), as well as traditional giants like Bank of America (BAC.US) and Coca-Cola (KO.US). Palantir was founded in 2003 by well-known Silicon Valley investor Peter Thiel, current CEO Alex Karp, and others. In recent years, with the wave of artificial intelligence sweeping the globe and the company's increasingly close relationship with the U.S. government, Palantir's stock price has doubled since the beginning of the year, becoming one of the AI concept stocks favored by investors. In the latest financial report, the company's revenue from U.S. government business increased by 45% year-on-year, reaching $373 million, driving overall revenue growth of 39% to $884 million. Palantir plans to announce its next quarterly financial report on August 4, and market attention continues to rise. Earlier this year, Palantir's market value surpassed Salesforce (CRM.US), IBM (IBM.US), and Costco (COST.US), entering the top ten in U.S. tech stock market value. Now, its market value has also brought it into the top twenty companies in the U.S., reflecting Wall Street's strong confidence in its growth prospects. However, behind the high valuation, Palantir's current price-to-earnings ratio cannot be ignored. According to FactSet data, the company is currently trading at a future expected earnings multiple of 273, making it the only company among the top 20 with a price-to-earnings ratio exceeding three digits, aside from Tesla (TSLA.US), which has an expected price-to-earnings ratio of 175. Although Palantir's market value has significantly increased, its revenue scale is still far less than that of its peers. In the past year, the company's total revenue was $3.1 billion, only a small fraction of Mastercard (MA.US), which has the smallest revenue among the top 20 companies. Mastercard's total revenue over the past four quarters was approximately $29 billion, with a market value of $518 billion