Palantir Technologies stock (NASDAQ: PLTR) has had a solid run, rising by almost 4x since the beginning of the year to about $66 presently.

Dubbed the Messi of AI growth, Palantir Technologies Inc. (NASDAQ:PLTR) has had a remarkable couple of years. The stock soared more than 45% this month alone, demonstrating how far it has come from being a government-focused contracting and consulting firm to an AI-driven data analytics software company.

There's plenty of evidence that Palantir 's ( PLTR 1.39%) stock is in a bubble. History is not on Palantir's side, and many companies have traded around the lofty expectation its stock currently trades at, and few (if any) have worked out well for investors.

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

While Palantir has proven itself to be a great company, whether its stock is a buy is a totally different question. While great companies typically don't trade at bargain-basement prices, valuation does still matter.

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