The bottom line is that the attractiveness of stock prices, like beauty, is in the eye of the beholders. As long as enough investors think that Palantir's share price could continue rising, it will. For a bubble to burst, more investors must think there is a bubble than not. That might not happen with Palantir for a while.

Palantir Technologies (NASDAQ: PLTR) is probably the hottest stock on Wall Street. First things first, Palantir shares have been on an incredible ride. Indeed, one year ago, I argued that "Palantir is a great company and a solid investment,

Palantir shares surged to an all-time high Thursday, extending gains earlier in the week after the company gave a stronger-than-expected outlook on growing demand for its Artificial Intelligence Platform.

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.

Palantir Technologies Inc.'s exceptional Q4 report drove shares past $100, with revenue exceeding expectations. Click for my updated look at PLTR stock prospects.