Palantir (NASDAQ: PLTR) 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. However,

Palantir Technologies is a leading software company providing data analysis and decision-making solutions that leverage artificial intelligence . Its products are Palantir Foundry

If you had invested $25,000 in Palantir Technologies (NASDAQ: PLTR) 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 terms of performance, Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks of 2024. Palantir originally made its mark as a data gathering and analytics vendor primarily serving the U.

Palantir Technologies ( PLTR -4.48%) was one of the hottest artificial intelligence stocks on the market last year. Its 340% return in 2024 made it the single best-performing member of the S&P 500 ( ^GSPC -1.46%). However, Dan Ives at Wedbush Securities sees the stock moving even higher. And he recently gave shareholders two reasons to be thrilled:

Palantir's stock is detached from reality as it trades at an irrationally exuberant price. Find out why we have recently opened a short position in PLTR.