Companies are reporting capital expenditure plans that suggest AI companies won’t run out of money anytime soon.

William Blair's $200 price target implies that shares of Palantir could surge 36% from current levels.

Global conflicts and a large U.S. defense budget could boost the beaten-down stock, analysts say.

Palantir topped Wall Street's fourth-quarter estimates as more businesses and the U.S. government race to buy its artificial intelligence tools.

CEO Alex Karp hailed “one of the truly iconic performances” by any company while warning it was putting “enormous political pressure on our institutions.”

The rise comes on the back of months of decline for the stock.

Companies are reporting capital expenditure plans that suggest AI companies won’t run out of money anytime soon.

Analysts remained overwhelmingly bullish on Palantir, although the company's lofty valuation stood out as a sore spot for some.