Palantir Stock Surges 250%

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Palantir shares

The Motley Fool

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Palantir Stock Is Up 250% in 2024 and May Be Headed to the Nasdaq-100. History Says This Could Happen Next.

Summary

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80% Informative

Palantir Technologies has advanced more than 250% year to date due to strong financial results.

The company announced plans to remove itself from the New York Stock Exchange and relist on the Nasdaq exchange, effective Nov. 26 .

The Nasdaq-100 tracks the 100 largest non-financial companies that trade on Nasdaq Stock Market .

Historically, stocks have moved higher after being added to the index.

The decision to buy or avoid the stock should be based on its growth prospects and valuation.

That doesn't mean Palantir shares will crash in the near future, but rather that other AI stocks trade at more reasonable valuations, which makes them less risky.

Don’t miss this second chance at a potentially lucrative opportunity.

Right now, we’re issuing “ Double Down ” alerts for three incredible companies.

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