Palantir Technologies rallied 356% over the last 12-months to hit new highs and outperform Bitcoin’s 1-year performance. Are the gains purely speculative?
Palantir Technologies (PLTR), a publicly traded North American company specializing in data analytics, made headlines after its stock surged to an all-time high of $109.60 on Feb. 6. The impressive 356% gain in 12 months outpaced the 121% rise in Bitcoin's (BTC) price over the same period.
Investors are now questioning whether the tech company will continue to outperform Bitcoin and whether the factors driving the bullish momentum in Palantir’s shares remain intact.
Palantir PLTR (left) vs. Bitcoin/USD. Source: Tradingview / Cointelegraph
