Palantir Technologies has become one of the 20 most valuable companies in the US, with a market capitalization of US$375 billion as of July 25.

The software and data analytics firm saw a 3% increase in its stock price, surpassing companies like Home Depot and Procter & Gamble.

Its market value now exceeds both Bank of America and Coca-Cola.

In 2025, Palantir’s stock has more than doubled, fueled by investor interest in its AI initiatives and government contracts.

The firm reported a 45% increase in US government revenue to US$373 million, contributing to a 39% total sales growth to US$884 million.

Its annual revenue of US$3.1 billion remains small next to top firms like Mastercard, which made US$29 billion.

Palantir is scheduled to release its next quarterly report on August 4.

Recent Palantir developments