Five years ago, Palantir stock soared as investors flocked to emerging tech stocks due to low interest rates. Those who invested $100 then would have $935 now, despite volatility that saw the value drop to less than $34 in December 2022. Interest in Palantir surged with the boom in generative AI and the introduction of its AI Platform, leading to rapid revenue growth and a soaring stock price. While the stock has seen some pullback, its P/E ratio of over 390 has not deterred investors. Whether this is a temporary dip or the start of a trend remains to be seen, but long-term holders have reaped the rewards.

Read more at Yahoo Finance: If You’d Invested $100 in Palantir Stock 5 Years Ago, Here’s How Much You’d Have Today