Reported 2 days ago
Palantir Technologies' stock has skyrocketed by over 250% in 2024, driven by strong demand for its AI platform and the company’s impending move from the New York Stock Exchange to the Nasdaq. As it aims for inclusion in the Nasdaq-100 index, historical trends suggest that stocks typically see an 11% to 17% increase in value after being added to the index. Despite the hype, investors are advised to focus on the company's financial health rather than speculative trading, as Palantir's high valuation may pose a risk.
Source: YAHOO