welcome
CNBC

CNBC

Technology

Technology

Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical

CNBC
Summary
Nutrition label

74% Informative

Palantir joined the top 10 largest U.S. technology companies by market cap on Thursday .

The data analytics software firm's stock price jumped about 8% on Thursday , bringing its valuation to $281 billion .

That puts it ahead of Salesforce, which is 10 times bigger in terms of revenue.

The company currently trades for 520 times trailing earnings and 90 times revenue.