cross-posted from: https://lemmy.dbzer0.com/post/50774049

Palantir stock is skyrocketing, driven by huge government contracts for immigrant tracking and mass surveillance. It’s the best performing stock on the S&P this year, ahead of Nvidia, Uber, Starbucks, Coca Cola, and Bank of America.

For many institutional investors like commercial banks and hedge funds, the company’s foreboding image is not a sticking point; it’s a selling point.