Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identifi

Palantir Technologies stock is pushing even higher on Friday after closing at a record Thursday. In Friday trading, the stock climbed 2.2% to $40.08, on pace to set another record. Shares of the provider of data-analytics software rose 4.

Palantir Technologies (NYSE: PLTR) has been one of the market's hottest stocks this year, with its price more than doubling. However, it is also one of the more divisive names in the market, largely due to its valuation. Let's take a look at both the bull and bear cases with Palantir to help determine whether the stock is a buy at current levels.

Furthermore, Palantir's market cap has risen to $82 billion. A 100-fold gain in the stock would take the market cap to $8.2 trillion. This is about 2.3 times the $3.4 trillion market cap of Apple, the current market cap leader. That shows the extent of how much Palantir is going to have to grow to make millionaires out of small investors.

Palantir made great strides recently in turning speculative AI opportunities into real, revenue-generating applications. See why I'm rating PLTR stock a sell.

While Palantir has lots of opportunities in the AI market, there are two reasons I think Microsoft's stock is the better option. First, it's far less expensive than Palantir's shares.