Palantir Technologies (PLTR) Stock

Palantir Technologies (PLTR 6.25%) only became part of the S&P 500 in September 2024. Despite this late entry, the stock achieved an impressive increase of 340%, making it the top performer in the index for the year.

It's confirmed: 2024 is now complete, and everyone is looking forward to what this year will offer.

In December, Palantir (PLTR 6.25%) shares experienced significant growth, finishing the month with a 12.7% increase. This information comes from S&P Global Market Intelligence. Overall, the company's stock performed well during that time.

Palantir (PLTR 6.25%) had an impressive performance in 2024, becoming one of the top stocks. The analytics and software management platform, which serves government agencies, the military, and large companies, increased by 340% over the year and currently has a market value of $167 billion.

In today's Options Corner, Tom White is focusing on some unique bullish trades in companies related to A.I. and vehicles.

Palantir Technologies (PLTR -0.58%) was the top-performing stock in the S&P 500 last year. The company gained significant traction with its artificial intelligence (AI) platform, as its emphasis on the workflow and application aspects of AI encouraged many businesses to try out its solution.

The KraneShares Artificial Intelligence and Technology ETF has shown strong results since it started on July 18, 2024, achieving a total return of 13.48%. AGIX invests in a range of AI-related sectors, covering everything from hardware and data centers focused on large language models to AI infrastructure and applications. The fund's AI scoring system has successfully pinpointed companies that are thriving in the AI field while leaving out those that are falling behind.

This Analyst Blog features SPY, Palantir, Vistra, NVIDIA, and United Airlines.

Palantir Technologies Inc. (PLTR) closed at $75.19 on the most recent trading day, showing a decrease of 0.58% from its previous closing price.