The stock has climbed 2.5x since early January and now trades at around $185 per share. After such a rapid ascent, should investors holding sizable gains cash out?

Shares of Palantir Technologies (NASDAQ: PLTR) were off to the races last month, soaring 16% in July and hitting a new all-time high, compared to just a 2.3% increase for the S&P 500, according to data provided by S&P Global Market Intelligence.

Palantir ($PLTR) has become one of the market’s most explosive AI plays, surging after a record-breaking quarter that saw revenue climb past $1