Three years ago, a dramatic pullback from the highs of the 2021 bull market left Palantir trading below $10 per share, the approximate level where it sold on

Growth of 22% in advertising services is driving margin expansion for Amazon's retail divisions. Over the last 12 months, North American retail has an operating margin of 7% and international a margin of 3.4%.

Even with Palantir's recent success, there's no way to logically justify its valuation. It has become increasingly disconnected from reality, even by tech growth stock standards, which are known for stretched valuations as investors anticipate rapid earnings growth.