With its shares up 58% year to date, Palantir Technologies (NASDAQ: PLTR) embarrassed its naysayers -- it has been repeatedly testing new highs despite calls of overvaluation. Palantir operates at the intersection of two of the market's biggest hype drivers right now: generative AI and President Donald Trump's election.

Palantir shares have soared about 1,000% over the last three years as it's launched its popular Artificial Intelligence Platform (AIP), delivered accelerating growth over several quarters, turned profitable, gained admission into the S&P 500, and built a strong U.S. commercial business.

Palantir Technologies Inc. (PLTR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.