Palantir Technologies ( PLTR 9.79%) stock continued its winning streak on Thursday, climbing as much as 7.9%. As of 3:23 p.m. ET, the stock was still up 7.9%.

The AI-focused Palantir joins a group of less than 50 public American companies worth at least $200 billion, quite the turn of events for the government contractor worth less than $20 billion two years ago.

Palantir (Nasdaq: PLTR) opened Thursday trading slightly below where it closed yesterday. However, that situation quickly changed and its share price rapidly rose in early morning trading. For most of the afternoon,

Palantir shares surged to an all-time high Thursday, extending gains earlier in the week after the company gave a stronger-than-expected outlook on growing demand for its Artificial Intelligence Platform.