Palantir makes software that helps customers aggregate their data and make better use of it. While this may sound mundane, it actually is just the opposite. Palantir's software can play a crucial role in a government or a company's operations -- resulting in game-changing decisions, new strategies, and more.

Palantir Technologies stock was soaring after the company posted a big beat with its fourth-quarter results on Monday afternoon. Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate of 11 cents,