Has any S&P 500 stock had a better year this year than Palantir Technologies (PLTR -3.72%)? The stock is up a staggering 360% since the beginning of 2024 as I write this, producing outsize investment returns for virtually any portfolio it touches.
With AI as a key market driver, Palantir, AppLovin and Astera Labs made this list of the 100 best stocks. Cava also got a seat at the table.
Palantir Technologies (PLTR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Palantir Technologies Inc PLTR has delivered a remarkable 395% return this year, outperforming the entire S&P 500. Despite this strong performance, concerns are growing about the stock's lofty valuation, with a few analysts expressing caution due to potential overbought conditions.
Palantir Technologies (NASDAQ: PLTR) has been a focal point for investors in 2024, fueled by its strong positioning in the AI-driven growth narrative.
Artificial intelligence (AI) once again dominated investment themes during 2024. While 2023 was all about the "Magnificent Seven" stocks such as Nvidia, Microsoft, Apple, Amazon, Alphabet, Tesla, and Meta Platforms, 2024 was influenced even more by a few new players that are vying for equal status as big tech names.
The rise of artificial intelligence (AI) has significantly boosted the stock performance of Palantir Technologies Inc. PLTR this year (up 386.7% YTD). The stock even outperformed the gem of AI — NVIDIA Corporation NVDA (up about 190% YTD) — in 2024.
Dan Ives, Wedbush, and Alex Fishman, Empros Capital, joins 'Closing Bell Overtime' to talk Palantir's recent performance and how to play it.
Stocks were choppy in Thursday's low-volume session.
The gargantuan rise in Palantir (PLTR) reflects the massive demand for A.I., according to George Tsilis.
Based on stock price targets, the most bullish analyst on Palantir's stock could be considered by some to actually be bearish.
The launch of OpenAI's ChatGPT in late 2022 spurred a tidal wave of interest in generative artificial intelligence (AI) companies, sending many of their stock prices parabolic. Palantir Technologies (PLTR 2.09%) and Arm Holdings (ARM 3.88%) were major beneficiaries.