Palantir Technologies stock is trading at its highest level on record after the company posted a big beat with its fourth-quarter results. Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate for 11 cents,

Palantir makes software that helps customers aggregate their data and make better use of it. While this may sound mundane, it actually is just the opposite. Palantir's software can play a crucial role in a government or a company's operations -- resulting in game-changing decisions, new strategies, and more.