Nvidia has delivered huge growth amid AI chip dominance and unprecedented demand. Palantir's new generative AI module has produced massive productivity gains for its customers.
U.S. equities have continued their incredible rally in 2024. Last year, despite major swings in performance, Nasdaq and the S&P 500 soared 43.2% and 24.2%, respectively.
Palantir Technologies Inc. PLTR hit a new 52-week high of $28.47 during Wednesday's trading session before dipping about 5% to $26.95 at last check.
Cathie Wood's flagship ARK Innovation exchange-traded fund is 72% below its peak while the S&P 500 is hitting all-time highs.
Palantir (NYSE: PLTR) is one of the companies whose stock has heavily benefited from the ongoing artificial intelligence (AI) revolution, enabling it add over 70% in 2024 alone, with the most recent trading sessions bringing 7.21% in the last five days, and 3.76% as of the latest close.
Palantir stock is up 80% over the past year. The company's AI-enhanced software provides real-world value to its customers.
Palantir Technologies Inc. NYSE: PLTR is up 68% through the first half of 2024. That makes it not only one of the best technology stocks of the year but also one of the best-performing stocks in the market period.
Palantir's AIP launch spurred further growth. Palantir's growth and valuation aren't in sync.
Palantir's growth rate is over 20%, but it may need to be even better for investors to continue buying the stock. Despite achieving high margins, with a high share count, its per-share earnings are still fairly low.
Palantir's early experience in serving the government is valuable in the AI race. But there is a risk that the AI excitement could be just a fad.
Palantir Technologies Inc. (PLTR) closed the most recent trading day at $27.39, moving -1.12% from the previous trading session.
Virtus Investment Partners‘ Joe Terranova believes Palantir Technologies Inc PLTR is one of the best ways to play the artificial intelligence (AI) boom right now.