It's been an excellent year for stock market investors. The S&P 500 index has delivered an excellent 26% return thus far in 2024, driven by resilient macroeconomic conditions, record corporate earnings, and growing optimism about artificial intelligence's (AI) transformative potential across the economy.

Ken Griffin of Citadel sold 5.1 million shares of Palantir, reducing his stake by 91%. Meanwhile, he bought 4.7 million shares of Nvidia, increasing his stake by 194%. Nvidia is the second largest position in Citadel's portfolio, excluding options contracts and index funds.

For me at the moment, the stock I'm wishing I held in my portfolio is Palantir Technologies (NASDAQ: PLTR). Why do I wish I were a Palantir Technologies shareholder? There are several reasons why I'm wishing I owned Palantir Technologies.

Palantir Technologies is deserving of a higher stock classification following the release of better-than-expected third quarter earnings. See why PLTR stock is a Hold.

Palantir Technologies stock (NASDAQ: PLTR) has had a solid run, rising by almost 4x since the beginning of the year to about $66 presently.

Palantir Technologies (NYSE: PLTR) is one of the hottest stocks of 2024, but I think there is another hot artificial intelligence (AI) software stock that investors should consider as well. AppLovin's (NASDAQ: APP) stock price is up more than 650% so far this year,

After Nvidia’s roaring success in recent years it may be time for the wider software sector to ‘get in on the AI party.’ That’s the view of Wedbush analysts.

While Nvidia was arguably the hottest AI stock of 2023, Palantir Technologies (NYSE: PLTR) seems to have taken the lead in this year's race. The stock price has exploded, appreciating over 235% over the past year and roughly 900% since January 2023.

Dan Ives, a Wedbush analyst, has reaffirmed his $75 price target for Palantir, citing strong growth potential driven by its AI advancements and software solutions, despite skepticism from some market analysts.

We recently published a list of 15 AI News That Broke The Internet. In this article, we are going to take a look at where Palantir Technologies Inc. (NYSE:PLTR) stands against other AI news that broke the internet.

Meanwhile, ARK Innovation ETF ARKK has allocated nearly 5% of its portfolio to Palantir, with over $273 million invested in 6.53 million shares. Known for backing high-growth companies, ARKK boasts over $6 billion in assets under management and has achieved a 13.17% YTD return.

Palantir Technologies Inc. (NASDAQ: PLTR) has had a terrific year, and it shows no signs of slowing down anytime soon. Here is why investors are so optimistic about the stock: