Shares of Palantir Technologies are climbing on Monday, continuing last week's rally. Investor optimism is being fueled by new partnerships, strong earnings and geopolitical tensions.

Palantir Technologies shares climbed to an all-time high Monday, topping Friday's record amid broader gains for U.S. stocks.

Palantir Technologies (NASDAQ: PLTR) has emerged as a leading artificial intelligence company, offering AI data analytics to the U.S. government and businesses. And the company is growing quickly, with sales rising 39% to $884 million and adjusted earnings increasing 63% to $0.13 per share in the first quarter.