Palantir consistently positions itself as a leader in enterprise-level artificial intelligence. It has also secured strong federal contracts while also benefiting from robust defense spending. One has to assume that the current administration should be net favorable for PLTR stock, making it a worthwhile opportunity.

Palantir Technologies stock hit a record intraday high Friday as part of a broader rally in tech stocks, days before the company is scheduled to report fourth-quarter earnings. Palantir stock was on pace to surpass a previous record close of $82.

Palantir Technologies is set to report fourth-quarter results after the market closes Monday, with analysts expecting revenue and adjusted earnings growth.

Palantir (PLTR) stock is red hot to end the week, touching a new all-time intraday high of $85.22 on Jan. 31. This comes as investors anticipate its fourth-quarter earnings release on Monday, Feb. 3.

Palantir Technologies Inc (NASDAQ:PLTR)., now commanding a market capitalization of $191.6 billion, has reached an unprecedented milestone as its stock price soared to an all-time high of $84.8, marking a significant moment in the company's history.