Palantir's Skyrocketing AI Success Sparks Caution

Palantir Technologies has dazzled the stock market with a 240% surge in 2024 and a jaw-dropping 845% climb since last year, thanks to its cutting-edge AI Platform (AIP). On November 26, Palantir will moonwalk from NYSE to Nasdaq under ticker 'PLTR'. Despite joining the S&P 500 and strong revenue from U.S. gov contracts, Wall Street advises a cautious 'hold' due to lofty valuations. Investors might want to dip their toes before diving into this AI juggernaut.