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Palantir Is 2024's S&P 500 King. These 9 Stocks Also Had Huge Gains.

Palantir Is 2024's S&P 500 King. These 9 Stocks Also Had Huge Gains.


Published on 2024-12-30 08:01:08 - Yahoo
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  • Palantir Technologies has more than quadrupled in 2024, with Vistra Energy and Nvidia among the S&P 500 stocks with triple-digit gains.

The article from Yahoo Finance discusses Palantir Technologies' significant growth and its potential to join the S&P 500 in 2024. Palantir, known for its data analytics and AI software, has seen its stock surge by 167% in 2023, driven by strong earnings, new contracts, and an expanding customer base. The company's focus on both government and commercial sectors has paid off, with notable contracts from the U.S. Army and partnerships with companies like General Mills. Palantir's inclusion in the S&P 500 would be a milestone, reflecting its market maturity and stability, although it still needs to meet certain criteria like consistent profitability and market cap size. The article also highlights the company's strategic moves, like its AI platform AIP, which has been pivotal in its recent success, and mentions the anticipation around its upcoming earnings report.

Read the Full Yahoo Article at:
[ https://www.yahoo.com/news/m/cda09eb4-7052-3bc1-a228-b2e78327bd60/palantir-is-2024-s-s-p-500.html ]
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