Palantir Technologies (NASDAQ:PLTR) creates big data analytics software platforms that assist governments and companies in making difficult decisions. Its products are, Palantir Gotham and Foundry, allow for the connecting and analyzing of sensitive information for security agencies and commercial clients in sectors like finance and pharmaceuticals.

Artificial intelligence (AI) stocks have soared in recent years, and though that's fantastic, when a stock reaches a particularly high level, it may have difficulty climbing even higher. That's why companies such as Nvidia and Broadcom last year each launched a stock split, a move to bring the price of their shares down to Earth.

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