America’s 10 tech cos have a new entrant that has 'beaten' IBM and Cisco
Palantir has surged into the top 10 US tech firms, surpassing Salesforce with a $281 billion valuation after an 8% stock jump. Fueled by a 45% surge in government business, including a significant U.S. Army contract, Palantir's stock has quintupled in the past year. Despite Nasdaq's decline, Palantir's valuation comes at a premium, exceeding typical large-cap tech multiples.
Palantir has surged into the top 10 US tech firms, surpassing Salesforce with a $281 billion valuation after an 8% stock jump. Fueled by a 45% surge in government business, including a significant U.S. Army contract, Palantir's stock has quintupled in the past year. Despite Nasdaq's decline, Palantir's valuation comes at a premium, exceeding typical large-cap tech multiples.
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