Palantir Technologies Inc. PLTR is cooling off after a blistering 2024 run. The stock dipped 4.22% on Friday, followed by a 1.8% slide in pre-market trading Monday, as investors cashed in gains amid broader market turmoil.
This year, everyone has been focused on one theme and one theme only: the technology sector's role in the development and adaptation of artificial intelligence. While there have been some clear winners in the semiconductor industry as the primary supporters of this new technology, others in different verticals have also earned the market's love via price action.
Palantir Technologies stock (NASDAQ: PLTR) has gained close to 11% over the last five trading days. The stock has also risen over 4.5x since the beginning of the year, trading at about $82 per share currently.
Palantir Technologies (PLTR -3.72%) shares have advanced 360% this year, outpacing the next closest stock in the S&P 500 (^GSPC -1.11%) by 100 percentage points. The data analytics company is now worth $180 billion, but certain Wall Street analysts expect Shopify (SHOP -1.62%) and Uber Technologies (UBER -0.70%) to surpass that figure before year's end in 2025.
Nvidia (NVDA -2.09%) and Palantir (PLTR -3.72%) have been two of the best-performing stocks on the market this year, and artificial intelligence is the major reason.
Palantir Technologies (NASDAQ: PLTR) has been one of 2024's top-performing stocks, surging to multiple new highs driven by the company's advancements in artificial intelligence (AI).
Palantir Technologies (PLTR -3.72%) has been one of the biggest winners on the stock market this year. The data fusion specialist is up a whopping 379% year to date as of Dec. 26.
Palantir Technologies (PLTR -3.72%) was one of the best-performing stocks of 2024. A strong start to the year for the artificial intelligence (AI)-powered enterprise software company went into overdrive in September.
Palantir Technologies (PLTR -3.72%) is currently the best-performing stock in the S&P 500 (^GSPC -1.11%) in 2024. Shares have advanced 360% year to date because of a series of increasingly stronger financial reports driven by demand for its new artificial intelligence (AI) platform.
Palantir Technologies (PLTR -3.72%) has seemingly become the market leader in developing and deploying artificial intelligence (AI) software in the real world. After working with government agencies in its earlier years, Palantir is thriving in the commercial sector, especially after launching its AIP platform for AI applications.
Palantir (PLTR) shares are up more than 350% in 2024 and the stock's run may not be over yet, according to one analyst. Wedbush Securities global head of technology research Dan Ives says the company is "transforming the AI revolution.
Two of the hottest artificial intelligence (AI) stocks heading into 2025 are Palantir Technologies (PLTR -3.72%) and SoundHound AI (SOUN -1.16%). Both stocks had a phenomenal 2024, with Palantir's stock up almost 400% and SoundHound AI's gaining nearly 900%.