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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Keithen Drury, The Motley FoolFri, January 16, 2026 at 3:20 AM GMT+1 5 min readPalantir's revenue growth has consistently accelerated over the past few years.Palantir's stock trades for a sky-high valuation premium.10 stocks we like better than Palantir Technologies ›Two words that have often been associated with each other are "AI" and "bubble." While many are convinced the AI spending spree is just another round of the dot-com bubble that burst in the early 2000s, the reality is that there is real profit being made from AI, and the biggest tech companies in the world are shelling out billions of dollars in cash flows to invest. Most of the spending is legitimate, and valuations are sane, but there are a few examples of companies that I believe are actually in a bubble and could have a rough 2026.One of those is Palantir Technologies (NASDAQ: PLTR). Palantir has been an amazing stock to own since the AI revolution began in 2023. Its stock is up around 2,700% since then and has at least doubled every year since then. That's an incredible performance, but it doesn't quite match up to how the company is actually doing.As a result, Palanitr is on my watch list for a company whose bubble could burst in 2026. If you're a shareholder, you may want to consider taking action now.Image source: Getty Images.Palantir makes artificial intelligence-powered data analytics software that helps its users make real-time decisions with the most up-to-date information possible. Palantir's original customer base was government clients, and it sold its products for military and intelligence use, but there were also applications outside of that, such as resource distribution. Palantir successfully catered to this unique client base with government customers worldwide. But there was a bigger market to capture.Palantir eventually expanded its offering to the commercial side of the business world and was equally successful. Both commercial and government revenue are important for Palanitr, with the third-quarter's revenue split being $633 million for government and $548 million for commercial. The revenue growth rates for each sector are equally impressive, with government revenue rising at a 55% pace and commercial revenue increasing at 73%. Clearly, Palantir's software is incredibly popular and being rapidly adopted, as evidenced by its quick growth rates.Since the start of 2023, Palantir's trailing 12-month revenue total has increased by 104%. That doesn't jibe with the 2,700% the stock has risen, which points me toward wondering if this stock is in a bubble.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,940.01 -4.46 (-0.06%)Dow 3049,359.33 -83.11 (-0.17%)Nasdaq23,515.39 -14.63 (-0.06%)Russell 20002,677.74 +3.18 (+0.12%)VIX15.86 +0.02 (+0.13%)Gold4,595.40 -28.30 (-0.61%)Trending tickersBTC-USD Bitcoin USD 95,070.20 -622.52 (-0.65%)NVO Novo Nordisk A/S 62.33 +5.21 (+9.12%)SMCI Super Micro Computer, Inc. 32.64 +3.22 (+10.94%)APP AppLovin Corporation 568.76 -38.23 (-6.30%)VERO Venus Concept Inc. 8.00 +6.56 (+455.56%)PortfolioSign in to access your portfolioSign inTop gainersIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)AGX Argan, Inc. 383.66 +54.00 (+16.38%)RIOT Riot Platforms, Inc. 19.24 +2.67 (+16.11%)ASTS AST SpaceMobile, Inc. 115.77 +14.52 (+14.34%)FIGR Figure Technology Solutions, Inc. 73.91 +8.99 (+13.86%)Top losersZGN Ermenegildo Zegna N.V. 9.56 -1.46 (-13.25%)SSL Sasol Limited 6.31 -0.84 (-11.75%)TLN Talen Energy Corporation 371.66 -47.41 (-11.31%)CEG Constellation Energy Corporation 307.71 -33.42 (-9.80%)GTM ZoomInfo Technologies Inc. 9.04 -0.96 (-9.65%)Most activeIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)ONDS Ondas Holdings Inc. 12.16 -0.66 (-5.15%)NVDA NVIDIA Corporation 186.23 -0.76 (-0.41%)INTC Intel Corporation 46.96 -1.35 (-2.78%)BBAI BigBear.ai Holdings, Inc. 6.12 -0.05 (-0.81%)Top economic eventsEarnings eventsMy earnings eventsEarnings events