On Sept. 30, 2020, data analytics specialist Palantir Technologies (PLTR 6.22%) went public.
Palantir Technologies (PLTR 0.47%) was once known as a software-as-a-service company that did most of its business with the government. But in recent times, the company, along with increasing its revenue from government contracts, has also seen its commercial business growth explode.
Palantir Technologies (PLTR 0.47%) has become one of the best performing stocks in the market this year, up more than 340% year to date as of this writing. However, the stock's strong performance has also left it with one of the most hefty valuations in the space.
Two of this year's hottest stocks are both darlings of the artificial intelligence (AI) movement. Data analytics software developer Palantir Technologies (PLTR 6.22%) and cybersecurity specialist CrowdStrike (CRWD 0.22%) have been in the spotlight for much of 2024 -- albeit for much different reasons.
Every time I look at the stock of Palantir Technologies (PLTR 0.47%), it seems to be at a new record high. The company has been an early winner in the hype cycle for generative artificial intelligence (AI) software.
Palantir (PLTR 0.47%) has become one of the hottest stocks on Wall Street. Its stock has shot up over 300% in 2024, making it one of the best-performing stocks in the market.
Palantir Technologies (PLTR 6.22%) has witnessed a tremendous increase in its market value in 2024 thanks to a remarkable surge of 313% in the company's stock price so far this year.
Having nearly quadrupled this year while also joining the S&P 500 index, Palantir (PLTR 6.22%) has no doubt gained a lot of investor attention. However, with the stock trading at a very frothy valuation and insiders selling, the question is should investors turn their attention to other companies that are benefiting from artificial intelligence (AI)?
Palantir Technologies (PLTR 6.22%) has been one of the hottest stocks on the market in recent months. Shares have advanced 320% year to date as of Dec. 5 due to enthusiasm surrounding artificial intelligence (AI).
Whenever a company announces plans for a stock split, the market generally cheers the news -- but why?
Billionaire Ken Griffin has made an indelible mark on Wall Street and has been cited as one of the most successful investors of all time. He famously predicted the 1987 stock market crash, known as "Black Monday," shorting stocks ahead of the decline and making a veritable fortune.
The SPX, NDX and $DJI all tapped new highs during the week as markets rally toward the end of the year. Palantir (PLTR) beat its own record thanks to new partnerships ties to the U.S. government.