Palantir has delivered a 1,300% return, with a +45% surge since my last update. 48% upside remains possible. Q4-24 revenue soared 36% YoY, led by a 64% YoY surge in US commercial sales and a 45% YoY government boost. PLTR hit $110, with an RSI of 83.4 suggesting overbought conditions and a possible short-term pullback before further upside is likely.
Palantir (NASDAQ:PLTR) stock has been going into overdrive this past week, adding to the 22% or so gains enjoyed following what was a remarkable quarterly earnings beat.
While Palantir's (NASDAQ: PLTR) share price has enjoyed a massive spike, one lingering concern is the company's ability to sustain this momentum due to the equity's current high valuation.
Did you miss out on the rise in Palantir's stock? If so, perhaps you are among the beneficiaries of the 415% rise in shares of data analytics service provider BigBear.ai – which is touted as the next Palantir.
Joe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss Elon Musk-led group's $97 billion takeover bid for OpenAI, the role of DOGE in Washington, the debate over carried interest, and more.
Cathie Wood, the chief executive officer (CEO) of Ark Invest Management, remains a divisive figure in the world of investing.
Big Tech stocks like Apple, Tesla and Nvidia are off to a rocky start in 2025. But Wall Street's momentum machine has kept on churning even without their help.
It seems nothing can go wrong for Palantir Technologies (PLTR -3.45%) these days. Shares of the artificial intelligence (AI) and data analytics software company skyrocketed 167% in 2023 and 340% in 2024.
So far, there have been multiple stars of the ongoing artificial intelligence (AI) boom, with the semiconductor giant Nvidia (NASDAQ: NVDA) proving a mainstay, Super Micro Computer (NASDAQ: SMCI) trailblazing in the first half of 2024 and then falling from grace, and, in the last six months, Palantir (NASDAQ: PLTR) outperforming even the most bullish forecasts.
Some of the biggest US stocks are mixed in the premarket hours of Tuesday. At this point though, the overall attitude of the US stock market remains positive.
Artificial intelligence is no longer just a futuristic concept — it's here, and it's reshaping the way businesses operate. According to investment bank Wedbush, Palantir Technologies Inc (NYSE:PLTR) and Salesforce Inc (NYSE:CRM, ETR:FOO) are the standout software companies leading the AI revolution in 2025, with a host of other tech players poised to benefit.
Palantir Technologies (NASDAQ: PLTR) continues to lead the stock market, hitting a new all-time high as the equity enjoys the impact of its impressive Q4 2024 earnings report.