Key Takeaways

Shares of Palantir Technologies ( PLTR ) again hit a record closing price Thursday and are up more than 50% so far in 2025, growth that analysts attribute in part to the stock’s popularity with retail investors.

The artificial intelligence analytics software company has seen "record retail demand," including $339.72 million in the weeklong period ending Tuesday, Vanda Research said Wednesday.

Palantir stock has soared to new highs this month after the company projected greater-than-expected revenue for 2025 and announced the integration of Grok , the chatbot from Elon Musk’s xAI, into its AI platform.

Palantir Behind Only Nvidia, Tesla in Retail Hunger

Notably, Palantir trails only semiconductor giant Nvidia ( NVDA ) and Musk’s electric vehicle company, Tesla ( TSLA ), in terms of demand from retail investors . Nvidia and Tesla recorded net retail investor purchases of $579.14 million and $562.20 million, respectively, from February 5 to 11, according to Vanda.

Palantir shares rose marginally Thursday to a new record close of $117.91, and have skyrocketed 390% over the past 12 months.

Read the original article on Investopedia