Palantir stock is trading at a lofty valuation "which history suggests is nearly impossible to grow into," Deutsche Bank's Brad Zelnick said.

Palantir Technologies Inc. saw its shares jump as much as 22% in extended trading on Monday after the company reported fourth-quarter earnings and revenue that surpassed analysts’ expectations. Thestrong results,

Palantir Technologies Inc. (NASDAQ: PLTR) stock cracked the $100 mark as it surged over 22% in after-hours trading. The catalyst was an earnings report that can only be classified as a blockbuster. The Palantir retail investing community is loud and active.

Palantir surpasses Q4 expectations, easing market concerns about AI investment ROI and showcasing strong growth for the new year.

Palantir Technologies reported strong revenue growth last quarter as the company that made its name providing software to the U.S. government said demand for its artificial intelligence products continues to expand.

Palantir Technologies Inc. shares jumped after the company gave a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.