Since Palantir's IPO, the company hasn't yet announced a stock split. For most of Palantir's stock market history, the shares have traded around $25 or less, and through 2022, the stock actually was down by more than 30% from its IPO price.

Palantir Technologies (NASDAQ:PLTR) has been one of the best-performing artificial intelligence stocks over the past year, even better than Nvidia (NASDAQ:NVDA). Where the chipmaker returned 171% for investors in 2024,

Palantir originally made its mark as a data gathering and analytics vendor primarily serving the U.S. government. Its technology was able to detect patterns, particularly in the area of money flow, that were not easily recognizable and make predictions based on those patterns.