Palantir Technologies stock has climbed 79% year-to-date and surged over 385% in the past 12 months, according to Benzinga. The software company's gains have far outpaced those of the S&P 500 and the Nasdaq-100. The stock is rising on strong earnings, expanding government contracts, and bullish analyst sentiment. First quarter revenue rose 39% to $883.86 million, beating estimates. Palantir’s customer count rose 39% year-over-year and 8% from the previous quarter. During the quarter, it closed 139 deals worth over $1 million and 51 deals worth at least $5 million. Wedbush’s Dan Ives called Palantir the “Messi of AI” and sees a $1 trillion valuation as possible. Privacy concerns linger over Palantir’s alleged role in data sharing with immigration authorities. Shares rose 1.62% to $136.53 on Monday.
