By Derek Lewis
Publication Date: 2026-03-19 19:51:00
Several of the notable stocks involved in the broader AI storm haven’t seen great price action over the last several months, a list that includes beloved NVIDIA NVDA and Palantir PLTR.
Below is a chart illustrating the performance of each in 2026, with the S&P 500 also blended in as a benchmark.
Image Source: Zacks Investment Research
Is the fatigue a concerning sign, or just a temporary pause after massive runs?
Palantir’s business continued to perform strongly throughout its latest period, with total sales reaching $1.4 billion, a 70% increase from the year-ago period. U.S. results were likely the biggest highlight, which were supported by both commercial and government strength. Specifically, U.S. sales totaled $1.1 billion, growing 93% year-over-year and 28% sequentially.
In addition, Palantir closed over $4.2 billion in total contract value (TCV), an increase of more than 130% compared to the same period last year. As evidenced by these results, the customer base continues to grow at a red-hot pace, with the overall customer base jumping 34% from the previous year.
Below is a chart illustrating the company’s sales on a quarterly basis. As we can see, the growth has been outstanding, a common theme we’ve been accustomed to from many of the AI winners so far.
Image Source: Zacks Investment Research
The valuation picture here remains rich, though not really surprising…
