Wall Street's AI fever just crowned a new star. Palantir Technologies Inc PLTR, once a niche data analytics shop, now flaunts a $396 billion market cap on just $3.3 billion in recurring revenue. Its sky-high 93x ARR multiple makes Nvidia Corp's NVDA surge look modest and dwarfs peers like Salesforce Inc CRM and Adobe Inc ADBE, noted a chart posted on X. Track PLTR stock here.But this market worship feels eerily familiar: Cisco Systems Inc CSCO once wore the same crown at the height of the dot-com boom – bef ...

Larry Ellison passes Elon Musk as world's richest person, IPO mania returns, Labor Department investigates federal statistics gathering, and more news to start your day. ...