Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images There's a new member in the list of the top 10 U.S. technology companies by market cap. Data analytics software vendor Palantir jumped about 8% on Thursday, bringing its valuation to $281 billion. That puts it ahead of Salesforce , which closed at a $268 billion and had previously been ranked tenth. Palantir surpassed legacy tech giants Cisco and IBM earlier this year. Microsoft tops the market cap list at $3.3 trillion, followed by Apple and Nvidia . Palantir's induction follows a dramatic rally in the stock price, which has more than quintupled in value over the last year. The shares have jumped 58% in 2025, positioning Palantir to be the top S&P 500 performer for a second year. The stock has been a major outlier in rece ... Read full article.