Palantir is ready to create 10,000 millionaires. Will you be one of them?

The concept of “stocks that make millionaires” goes back a long way. that new york times In 2005, approximately 10,000 people reported making a purchase. microsoft (MSFT 1.44%) They sold their stock early and became “Microsoft Millionaires,” watching the stock soar more than 100-fold between 1986 and 1996. Today, nearly 40 years after the company went public, the number of Microsoft Millionaires would be much higher.

The next stock with that potential is Palantir Technologies (PLTR 0.25%). It’s essentially a mix of defense and technology stocks.

today’s change

(-0.25%) $-0.45

current price

$178.96

Key data points

market capitalization

$428 billion

work range

$176.14 – $181.10

52 week range

$65.19 – $207.52

volume

28M

average volume

46M

gross profit

80.81%

Palantir completely outperformed the S&P 500 last year, returning 160% compared to the S&P 500’s 17%. Palantir is up 1,770% since its 2020 IPO. This means that anyone who invests more than $60,000 is already a millionaire.

But Palantir is just getting started, so the best may be yet to come. Your potential as a millionaire may be even greater than that of Microsoft.

all-seeing eye

If you’re a Tolkien fan, like Palantir’s most famous co-founder, Peter Thiel, you probably know the company’s name. This refers to the Seeing Stone from Tolkien’s lore, which allows users to see and communicate from great distances. And “seeing the stone” might be the most succinct way to describe the Gotham AI platform, Palantir’s defense and intelligence software.

Image source: Getty Images.

In layman’s terms, Gotham connects all of the military’s hardware on a given battlefield, from the sensors or cameras worn by individual soldiers to the satellites that orbit above them. People directing specific tasks can then access all of this from one platform.

This allows commanders to see almost everything happening in the chaos of battle and make informed decisions without the fog of war obscuring their vision. Any general throughout human history would have given anything for this.

Palantir also launched its artificial intelligence platform in April 2023. AIP is a more general-purpose AI program that allows users to leverage Palantir’s proprietary software to leverage both public and private data to tailor large language models (LLMs) to their specific needs. Palantir’s rise over the past two years has been largely due to its adoption of the AIP platform, which has expanded its customer base from Gotham’s government and military buyers. Since the launch of AIP, the stock has risen 2,000%.

The company’s other products include:

• Apollo for software management and deployment
• Foundry is more business-focused and makes data easier to manage across everything from retail to anti-money laundering.

If this all sounds a little vague and confusing, you’re not alone. Even people who have worked for the company sometimes have a hard time explaining it. mad. But the company’s results speak for themselves.

I see green, and I see a lot of things.

Palantir had 911 customers at the end of the third quarter, up 45% from the previous year. Annual commercial revenue growth was reported at 121%, U.S. government revenue growth at 52%, and generally accepted accounting principles (GAAP) operating margins were reported at 33%, representing a 63% year-over-year total revenue growth. Earnings per share (EPS) also tripled from $0.06 in Q3 2024 to $0.18 in Q3 2025.

I don’t see that slowing down anytime soon. The company closed 204 deals worth at least $1 million in the third quarter. Of those, 91 were worth at least $5 million and 53 were worth at least $10 million. Even better (which is extremely rare in today’s market) is that Palantir has no debt and holds $6.4 billion in cash, cash equivalents, and U.S. Treasury securities.

For comparison, let’s look at Microsoft’s results just a few years after its IPO. In the fourth quarter of fiscal 1992 (ending June 30, 1991), Microsoft recorded sales growth of 56%, EPS growth of 73%, and net profit margin of 26.3%.

In roughly the same time period since its IPO, Palantir has dramatically outpaced the growth of Microsoft, a company that has created at least 10,000 millionaires within 14 years of its IPO. This means Palantir could deliver similar results for investors who take a long position.

21st century millionaire?

Palantir’s software is complex, but you can’t argue with the numbers the company puts forth. Only time will tell if it can create the same number of millionaires as Microsoft. But Palantir has the best potential to do much better. The All-Seeing Eye is definitely worth a look.