Palantir's Massive 2024 Surge

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Palantir Stock Right

The Motley Fool

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Artificial intelligence stock Palantir Technologies is making major moves in the defense space. Here's why

Summary

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71% Informative

Shares of AI software developer Palantir Technologies ( NASDAQ : PLTR ) skyrocketed by 357% in 2024 -- handily topping the S&P 500, Nasdaq Composite , and every single other stock in the index.

The company's primary focus is on defense agencies as the military began to increase budget allocations toward AI-driven protocols.

Through the first nine months of 2024 , roughly 55% of Palanir 's total revenue stemmed from the public sector.

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

There may not be another chance like this anytime soon. The Motley Fool is issuing “ Double Down Alerts’s ” alerts for Amazon , Microsoft and Palantir Technologies .

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