Appearing on Yahoo Finance in the wake of Palantir Technologies (PLTR)’s first quarter earnings report, Third Bridge Forum Senior Analyst Jordan Berger explained why he believes that Palantir Technologies (PLTR) has such an extraordinarily high price-to-earnings ratio at this point.

After reporting Q1 earnings on May 5, shares of Palantir Technologies (NASDAQ:PLTR) sold-off despite beating Wall Street’s estimates on the top and bottom lines and raising its full-year forecast. But on Thursday,

Palantir stock crashed after the company reported its first-quarter financial results. Management highlighted continued demand for its artificial intelligence platform, AIP. Dan Ives at Wedbush says Palantir will be a trillion-dollar company in two or three years.