Palantir Technologies (NASDAQ: PLTR) stock continued its winning streak on Thursday, climbing as much as 7.9%. As of 3:23 p.m. ET, the stock was still up 7.9%. The artificial intelligence (AI) software and data mining specialist continued a trend that began earlier this week when the company reported blockbuster financial results.

Key Takeaways Palantir Technologies shares soared to an all-time high Tuesday, a day after the company's outlook blew past analysts' expectations on strong demand for its Artificial Intelligence Platform.

Palantir Technologies recently reported stellar fourth-quarter financial results that propelled its market value to $230 billion. But some Wall Street analysts think Advanced Micro Devices (NASDAQ: AMD) and ServiceNow (NYSE: NOW) will surpass that figure in the next year,

The momentum we are seeing across sectors, both commercial and government, is unlike anything that has come before,” declared Palantir

Palantir executives welcomed the advent of low-cost artificial intelligence. Other software stocks could also see benefits from cheaper AI.

You can't spell gains without "AI" In the fourth quarter, Palantir generated revenue that accelerated to 36% year over year (and 14% sequentially) to $828 million. This resulted i