According to the Financial Times, Palantir has added a whopping $23 billion to its market cap since Donald Trump won the presidential election on Nov. 5. Investors seem to believe the company will benefit from increased defense and law enforcement spending under the new administration. However, this narrative looks overblown.

After Nvidia’s roaring success in recent years it may be time for the wider software sector to “get in on the AI party.” That’s the view of Wedbush analysts, who have become increasingly bullish on software stock Palantir Technologies.

With a big move in Palantir already, a climactic move higher or dramatic move lower might be next. Here's how to profit.

Palantir's AI software platform has grown in popularity. Stocks trading at this price level have seldom worked out for investors. Palantir will succeed in the long term, but its stock will be in trouble.

Palantir (NYSE:PLTR) made waves with its Q3 earnings earlier this month, surpassing expectations on both revenue and profit once again. Shares