If You'd Invested $1,000 in Palantir Stock 3 Years Ago, Here's How Much You'd Have Today

Core Insights - Palantir Technologies has experienced a significant stock increase of approximately 250% since the U.S. presidential election on November 5, 2022 [1] - The stock's performance over the last three years has been remarkable, with a $1,000 investment made on August 8, 2022, now worth about $15,700 [4] - The company's generative AI platform, launched in April 2023, has led to substantial productivity gains for customers, contributing to accelerated revenue growth [7] Stock Performance - Following a bear market, Palantir's stock was trading below $10 per share three years ago, and it briefly fell below $6 per share in December 2022 [6] - The stock's growth accelerated in 2023, particularly after the release of an upgraded version of ChatGPT by OpenAI, which highlighted the potential of generative AI [6] - The stock reached a high P/E ratio approaching 600 and a P/S ratio of 130, indicating that the market has priced the stock for perfection [8] Long-term Outlook - Despite uncertainties in the near term, Palantir is expected to succeed in the long run due to the significant productivity gains its tools provide to customers [9]