Palantir Technologies ( PLTR 9.79%) stock continued its winning streak on Thursday, climbing as much as 7.9%. As of 3:23 p.m. ET, the stock was still up 7.9%.

Palantir (Nasdaq: PLTR) opened Thursday trading slightly below where it closed yesterday. However, that situation quickly changed and its share price rapidly rose in early morning trading. For most of the afternoon,

The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago.

Key Takeaways Palantir shares surged to an all-time high Thursday, extending gains earlier in the week.Several analysts have raised their price objectives for the stock since Palantir on Monday gave a strong forecast for 2025.