Palantir Technologies stock (NASDAQ: PLTR) has had a remarkable run this year, more than doubling since early January to trade at around $160 per share. The stock has been buoyed by surging interest in generative AI and a wave of new government contracts following the re-election of Donald Trump as U.

Palantir stock popped once again following its latest quarterly report, and its growing revenue backlog points toward better times.

Palantir Technologies (PLTR) is a leading software company that focuses on helping organizations make sense of large and complex data. Its platforms use advanced analytics and artificial intelligence to integrate various types of data,