Palantir Technologies (NASDAQ: PLTR) was the best performing member of the S&P 500 (SNPINDEX: ^GSPC) last year. The stock advanced 340% in 2024 as the company delivered a series of strong financial results driven by demand for its artificial intelligence platform.

While some compare Palantir to the tech industry's Goldman Sachs, others think Alex Karp's view of its importance on a résumé may be a bit inflated.

Palantir ( PLTR 1.67%) has been on an incredible run since the start of 2024. At its peak, Palantir's stock has risen 625% since the start of 2024, but that number took a hit when CEO Alex Karp announced a plan to sell up to $1 billion in shares.

Palantir Technologies (NASDAQ:PLTR) shares had a brutal day, sinking 10% during regular trading and tumbling another 5% after hours. Investors

It's like, there's this one issue where I might, and then you get boxed into, you cannot solve the problem. And then I would say, what is the biggest problem in this society? Biggest problem in this society from my perspective is legitimacy of our institutions.

Karp's comments on CNBC included an endorsement of Musk, stating, "I like Elon. He's obviously the most important builder in the world." Karp emphasized that the legitimacy of institutions is a critical issue facing modern society, and approved of the goals of the Department of Government Efficiency, an administration with significant ties to Musk.

Alex Karp said if he were fired from Palantir, he'd move to his "hermit-like location" and focus on his hobbies.