Alex Karp said if he were fired from Palantir, he'd move to his "hermit-like location" and focus on his hobbies.

Palantir ( PLTR -3.13%) has been on an incredible run since the start of 2024. At its peak, Palantir's stock has risen 625% since the start of 2024, but that number took a hit when CEO Alex Karp announced a plan to sell up to $1 billion in shares.

Still, several analysts and market watchers believe DOGE’s emphasis on using tech to find efficiencies will be a long-term tailwind for the government contractor. The modern-day Manhattan Project around AI that Karp is calling for would also likely boost the company’s shares.

Palantir is undoubtedly near the top of many investors' watchlists. But Wall Street estimates the company's adjusted earnings will increase 35% in 2025. That consensus makes the current valuation of 220 times adjusted earnings look very expensive.

CEO Alex Karp has moved to sell $1.2 billion worth of the data analytics company’s stock. Discover the Best Stocks

It's like, there's this one issue where I might, and then you get boxed into, you cannot solve the problem. And then I would say, what is the biggest problem in this society? Biggest problem in this society from my perspective is legitimacy of our institutions.