PLTR Stock Recent News

Palantir Stock: Remains Attractive For Those Looking To Invest For The Long Term

Shares of Palantir (PLTR -2.52%) are seeing big sell-offs in this week's trading. The stock's price is down 14.6% from last week's market close, according to data from S&P Global Market Intelligence.

Tech stocks rallied in 2024, with powerhouse artificial intelligence (AI) stocks like Nvidia (NVDA -0.02%) and Palantir Technologies (PLTR -2.52%) bringing up the S&P 500 (^GSPC 0.16%). But it was a good year for the whole market, and the tech-heavy Nasdaq-100 only surpassed it by a hairbreadth -- a 25.9% gain versus 25% for the S&P 500.

Joe Lonsdale, Palantir co-founder and 8VC founding partner, joins 'Squawk Box' to discuss Elon Musk's planned spending cuts, Palantir's value, and more.

Palantir Technologies (PLTR -2.52%) was one of the hottest artificial intelligence (AI) stocks in 2024, and for good reason. Growth accelerated as U.S. commercial clients began adopting the company's Artificial Intelligence Platform while its largest customer, the U.S. government, also began to increase spending.

The build-out of artificial intelligence (AI) has been the first big wave for AI, leading to huge surges in revenue for companies like Nvidia. However, the second wave of AI could come from the software space, as organizations begin to implement AI into their businesses.

Excitement over the hot technology of artificial intelligence (AI) helped the stock market soar last year -- and the movement may be far from over. This is because we're still in the early stages of AI development.

Palantir Technologies (PLTR -2.52%) may have been one of the greatest success stories of 2024. The software company posted its biggest profit ever, joined the S&P 500, and saw its stock price soar 340%.

Many artificial intelligence (AI) stocks have generated fantastic gains for investors over the past couple of years. Even if you didn't invest early in this trend, you still could have made good returns last year by investing in some top performing AI stocks.

Michael Farr, Hightower Advisors chief market strategist, joins 'Power Lunch' to discuss Farr's investing take on three stocks: Chevron, AT&T, and Palantir