Palantir Technologies stock returned 240% in the past year, bringing its market value to $199 billion as of March 2. But certain Wall Street analysts think Shopify (NYSE: SHOP) and Advanced Micro Devices (NASDAQ: AMD) will top that figure within a year.

Palantir Technologies (NASDAQ:PLTR) remains a highly divisive stock for certain investors. On the one hand, this is a top-tier growth stock that’s certainly provided plenty in the way of gains for those willing to put their capital to work in a company with the potential to provide exponential growth.

Shares of Palantir Technologies (NASDAQ: PLTR) fell on Wednesday. The drop comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.2%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was flat. Palantir's stock was hit hard by news that the Trump administration intends to cut defense spending,

Palantir (NASDAQ: PLTR) stock saw another series of big valuation pullbacks this week. Palantir's valuation sank early in the week's trading as investors continued to digest potential macroeconomic risk factors from tariffs and other catalysts.