Palantir Technologies (NASDAQ:PLTR) has been one of the best-performing artificial intelligence stocks over the past year, even better than Nvidia (NASDAQ:NVDA). Where the chipmaker returned 171% for investors in 2024,

Palantir's share price has outpaced the company's growth, pushing its price-to-earnings ratio to nearly 360. That's among the highest valuations on the market for any company. While analysts expect strong long-term earnings growth (27% annualized), it's nowhere near enough to justify such a high price.

Palantir Technologies (NASDAQ: PLTR) was the standout and number one performer in the S&P 500 in 2024, with its stock skyrocketing 340% in 2024 and elevating its market capitalization to an impressive $163 as of the January 17 close.

Palantir Technologies (NASDAQ: PLTR) went public with a direct listing on the stock market in September 2020, and shares of the software platforms and data analytics provider delivered healthy gains since then.

Palantir Technologies (NASDAQ:PLTR) has been described as the best pure-play stock in artificial intelligence. The market agrees, sending shares of PLTR stock some 342% higher over the past year, far better than Nvidia (NASDAQ:NVDA),

Leading companies on the cutting edge of next-big-thing innovations don't have the best track record of sustaining parabolic moves higher.

Wedbush Securities increased its price target on Palantir Technologies Inc . (NASDAQ: NASDAQ:PLTR) shares from $75 to $90, while reaffirming an Outperform rating. The revision reflects growing confidence in Palantir's artificial intelligence (AI) strategy,

With the earnings season in full swing, it is hard to ignore the top Artificial Intelligence stocks. Besides the hot stock Nvidia Corp. (NASDAQ: NVDA), AI company Palantir Technologies Inc. (NYSE: PLTR) has been making big news and solid moves.

Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) have recently been two of the hottest stocks on Wall Street because both companies play a key role in the artificial intelligence economy.

Palantir delivered 14 times the gains of the S&P 500 last year. Here's how the data mining and artificial intelligence (AI) specialist generated game-changing results.

Investors may be wondering if Palantir stock is capable of delivering more upside following its tremendous run since the launch of its Artificial Intelligence Platform. However, a closer look at Palantir's end-market opportunity and the company's share of ...

We recently published a list of 10 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other AI stocks making waves on Wall Street.