Right now, Wall Street is buzzing about big companies like Nvidia, Meta, and Google thanks to their success in artificial intelligence (AI). But there are other important AI stocks, and one of them is Palantir Technologies.
Palantir is making headlines because it had an incredible year. In fact, it was the best-performing stock on the S&P 500 index last year, jumping a staggering 360% in 2024! That’s a huge growth, but it raises some questions. Many people are comparing its rapid rise to what happened with the internet boom and bust in the early 2000s. Back then, excitement about the internet led to big stock price increases, but it all came crashing down.
Some experts worry that AI stocks might face a similar fate when the hype around AI fades. This could be a problem for stocks like Palantir, whose values have soared, but whose actual business performance might not support such high prices.
Frequently Asked Questions
Is Palantir Technologies Making Money?
Yes, Palantir has recently started to make a profit! They used to spend a lot on growing their business, which caused them to lose money for a while.
Is Palantir a Public Company?
Yes, Palantir Technologies Inc. is publicly traded. It became available to buy on the New York Stock Exchange in September 2020.
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