If you have been watching Palantir Technologies’ meteoric stock journey, you are definitely not alone. Whether you already own shares, are debating whether to jump in, or considering taking profits after a jaw-dropping run, it is natural to feel a little dazed by all the action. Palantir’s stock has delivered a whopping 135.7% surge since the start of the year and is up an astonishing 308.3% over the past twelve months. In fact, long-term holders have seen gains as high as 2,131.9% over three years and 1,751.7% across five years. Clearly, something big has been shifting.

Of course, a main driver for Palantir lately has been both its high-profile government contracts and the intense media attention that comes with them. Recent…