Palantir Technologies climbs to an intraday record high ahead of fourth-quarter earnings.
@ProsperTradingAcademy's Charles Moon looks into the tech trade in today's Big 3. He says Palantir could make a run to $100 even as the stock hits all-time highs.
Palantir Technologies (PLTR 1.83%) stock was one of the top performers on the stock market in 2024, jumping 340% in 2024.
With shares up more than 333% over the last 12 months, Palantir Technologies (PLTR 1.83%) has been a massive beneficiary of generative artificial intelligence (AI), which many believe could revolutionize how people use and interact with big data. But could the AI boom become the AI doom?
Palantir Technologies Inc. (PLTR) closed the most recent trading day at $81.22, moving +1.83% from the previous trading session.
Customer base expansion is likely to have benefited PLTR's top line in the fourth quarter of 2024.
Palantir Technologies Inc.'s Gotham and Foundry platforms excel in data utilization, serving both government and corporate clients, with AIP showing promising early success. Despite Palantir's achievements, its high valuation brings lofty expectations, especially in the competitive data industry, highlighted by DeepSeek's recent challenge, so YieldMax PLTR Option Income Strategy ETF may be of interest. The stock market's focus has shifted away from traditional valuation metrics, emphasizing quick reactions to any signs of disappointment.
Palantir (PLTR -0.59%) is one of the hottest artificial intelligence (AI) stocks out there. It has risen an astronomical 362% since the beginning of 2024 and shows little signs of slowing down.
Despite its stellar success in 2024, and particularly in the second half of that year, Palantir (NASDAQ: PLTR) remains a deeply divisive asset. On the one hand, it is impossible to doubt the incredible stock market rally it has enjoyed, on the other, many have noted it has become unjustifiably expensive.
If you had invested $25,000 in Palantir Technologies (PLTR -0.59%) stock at the start of 2024, you would have finished the year with more than $110,000. Last year was a significant one for the business as it solidified itself as a top growth stock.
In 2024, Palantir Technologies (PLTR -0.59%) proved that it's one of today's key technology leaders. The software company reported record profit, saw revenue climb quarter after quarter in the double digits, and was invited to join the S&P 500.
Palantir stock price has done well and is one of the best performers on Wall Street, helped by the ongoing artificial intelligence tailwinds. It has jumped by over 400% in the last 12 months, transforming it into a company valued at almost $200 billion.