With a strong brand and a mover advantage, the company seems positioned to benefit from the broader AI wave. However, beneath the compelling narrative, investors should keep a close eye on the fundamentals, as a few red flags could limit Palantir's upside if not addressed over time.

Key Takeaways Palantir shares hit another all-time high during Tuesday's session amid optimism that the data analytics software provider will benefit from massive AI spending.  The stock traded within an ascending triangle before nudging above the pattern’s top trendline in Monday’s trading session,

Palantir’s valuation has been supercharged as the U.S. government has increasingly adopted its technology since Donald Trump became president in January.