Palantir Technologies Inc (NASDAQ:PLTR) shares are hitting new 52-week highs on Tuesday. Here's a look at what's going on.

Palantir Technologies (NASDAQ:PLTR) has experienced a remarkable surge in its valuation this year, with the company’s stock price rocketing more than 330% year-to-date at the time of writing. This incredible upside has been driven by improving growth expectations for companies like Palantir focused on developing its artificial intelligence platform and expanding its customer base.

We recently compiled a list of the Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other stocks Jim Cramer recently talked about.

Without a doubt, 2024 has been a fantastic year for Palantir Technologies ( PLTR 3.78%) and its shareholders. Yet as the year draws to a close, you may be wondering where Palantir stock will be one year from now. Here's what I think is most likely to happen.

Palantir Technologies (NASDAQ: PLTR) has taken the market by storm in 2024. Share prices of the artificial intelligence (AI)-focused data fusion specialist are up 332% year-to-date through Dec. 19. The stock soared as its revenue growth accelerated over the last five quarters and its profit margins expanded significantly.

Palantir Technologies, the artificial intelligence-software company whose biggest customer is the U.S. government, won new contracts with the Army worth up to $619 million. The stock added 5% on Thursday,

Businesses and governments are generating more data than ever, and software companies like Palantir (PLTR 2.09%) and Oracle (ORCL 1.34%) can help them make the most of it. But eff

Along with many smaller defense technology firms, Musk has been heavily critical of legacy defense programs such as Lockheed Martin’s F-35 fighter jet, which is set to cost the U.S. government an estimated $1.7 trillion over its lifetime. As an alternative, he has called for the mass production of cheaper AI-powered drones, missiles and submarines.

Lee Munson, president and CIO of Portfolio Wealth Advisors, explained in a latest program on Schwab Network why he would consider buying Palantir on a dip:

Palantir Technologies (PLTR) and Anduril Industries are spearheading negotiations to create a consortium of tech companies, with plans to collaboratively pursue Pentagon defense contracts, according to a Financial Times report.

The complex, still-evolving technology requires significant resources and expertise. Emelia Probasco is a senior fellow at Georgetown University’s Center for Security and Emerging Technology and an adviser to the Defense Department’s Defense Innovation Unit.

Palantir Technologies roots are with the U.S. defense industry and they remain firmly planted there today Palantir has been on a tear due to AI-driven mania. Because the industry is still in its ...