Chipmaker Nvidia was all the rage in 2024, as the little known company went on to become one of the most valuable companies in the world, often taking the top spot. Nvidia's share price soared more than 185% YTD , and was seen hovering around $137 on Tuesday.
Palantir Technologies (PLTR) is set to claim the coveted title of the S&P 500 index's best performing component this year.
Palantir's phenomenal run looks like it's getting a bit long in the tooth, with the stock showing negative options flow. The post Option Trade Could Return 39% On A Seemingly Exhausted Palantir appeared first on Investor's Business Daily.
Artificial intelligence (AI) stocks were the gift that kept on giving throughout 2024. While Nvidia and Tesla were scorching hot, there's one company that outperformed all of its peers in spectacular fashion.
The early winners from artificial intelligence (AI) are largely companies involved in AI infrastructure, but software companies have also begun to benefit. Two of the top AI software companies heading into 2025 are Palantir Technologies (PLTR -2.40%) and Salesforce (CRM -0.80%).
The year 2024 was a breakout for enterprise software company Palantir Technologies (PLTR -2.40%). Some of the more notable highlights include gaining inclusion into the S&P 500 and Nasdaq-100 indicies.
Palantir, Nvidia and Broadcom are the best-performing tech stocks in the S&P 500 in 2024. These forecasters are sticking out their necks on the outlook in 2025.
Today's Daily Trader turns to two names that have made big moves to the upside: Palantir (PLTR) and Apple (AAPL). Palantir's 2024 rally was much more explosive, up over 350% on the year despite a recent slip.
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.