The software company also leads the list of stocks that could be added to the Nasdaq 100 at the end of December.

Investors should expect that some selling pressure will come in the form of short-term profit-taking before year-end. However, any weakness in Palantir will certainly be met with additional buyers as long-term investors are likely to be waiting for an opportunity to buy Palantir stock on a dip.

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 Inc. (NASDAQ:PLTR) disclosed that it has received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS).

Palantir Technologies ( PLTR -1.03%) shareholders have been living the dream, as the stock soared 61% in November, according to data provided by S&P Global Market Intelligence.

Palantir Technologies leads the list of a half dozen companies that could be added to the $26 trillion Nasdaq 100 index at its annual reconstitution due to be announced on Dec. 13Stock Other candidates for inclusion at the reconstitution,

Palantir Technologies (PLTR) has been a star performer in 2024, with its stock surging an eye-popping 293% year-to-date. The growth in shares of this data analytics and software company is primarily driven by soaring demand for its artificial intelligence (AI) solutions,

Some might view Palantir Technologies (NASDAQ: PLTR) and Tesla (NASDAQ: TSLA) as "Trump stocks." Both companies have ties to the president-elect and his team. Palantir's co-founder, Peter Thiel, was a Trump supporter in the past and a mentor to Vice-President-elect J.