America’s 10 Most worthy tech firms checklist has a brand new entrant that has ‘overwhelmed’ IBM, Salesforce and Cisco – The Instances of India

Palantir, a knowledge analytics software program firm, climbed into the highest 10 US expertise corporations by market capitalization after an 8% inventory surge on Thursday (Might 8), reaching a valuation of $281 billion. This leap pushed it previous Salesforce, valued at $268 billion, which beforehand held the tenth spot. Earlier this 12 months, Palantir additionally overtook tech stalwarts Cisco and IBM. Palantir’s inventory has soared, greater than quintupling in worth over the previous 12 months and gaining 58% in 2025, making it the S&P 500’s prime performer for the second consecutive 12 months. Whereas the Nasdaq has declined 7% this 12 months amid tariff issues and financial slowdown fears, Palantir has defied the pattern.Based in 2003 by Peter Thiel and CEO Alex Karp, Palantir’s development has been fueled by its authorities enterprise, which surged 45% to $373 million final quarter, together with a $178 million U.S. Military contract for AI-enabled techniques. In a shareholder letter, Karp defended the corporate’s protection work, noting its unwavering dedication to supporting the U.S. army.

10 Most worthy American tech firmsMicrosoft tops the market cap checklist at $3.3 trillion, adopted by Apple and Nvidia. Listed below are all the ten names ranked with No. 1 on prime and No. 10 on the backside:* Microsoft* Apple* Nvidia* Amazon* Alphabet* Meta Platforms* Broadcom* Tesla* Oracle* Palantir* Salesforce

Peter Thiel is a part of the so-called PayPal Mafia — a gaggle of Silicon Valley stars with hyperlinks to the funds app’s formative interval. Thiel reportedly shares a love-hate relationship with Tesla CEO Elon Musk. He’s additionally an investor in a number of of Elon Musk’s firms, together with SpaceX, Neuralink and Boring Co.

Analysts say that Palantir’s valuation comes at a premium. Regardless of its market cap rating, its income and income lag far behind friends like Salesforce, which generates over ten occasions Palantir’s income. Palantir trades at 520 occasions trailing earnings, 200 occasions ahead earnings, and 90 occasions income, far exceeding typical large-cap tech multiples.