Palantir Technologies stock (NASDAQ: PLTR) remains up by over 4x since the beginning of the year, trading at about $74 per share.

Palantir Technologies (PLTR) showcases this possibility. As a market darling in artificial intelligence and data analytics, the stock has quadrupled year-to-date. Its sky-high valuation makes investors wonder whether the price is fair or a bubble.

Palantir Technologies, the artificial intelligence-software company whose biggest customer is the U.S. government, won new contracts with the Army worth up to $619 million. The stock added 5% on Thursday,

Key Takeaways Palantir Technologies shares climbed Thursday after the analytics software provider said it extended a contract with the U.S. Army that could be worth $618.9 million.With Thursday's gains,