It's been an excellent year for stock market investors. The S&P 500 index has delivered an excellent 26% return thus far in 2024, driven by resilient macroeconomic conditions, record corporate earnings, and growing optimism about artificial intelligence's (AI) transformative potential across the economy.

Palantir Technologies (NYSE: PLTR) has been one of the most exciting stocks of 2024, rising around 275% year-to-date at the time of this writing. Many have identified SoundHound AI (NASDAQ: SOUN) as one AI stock with that kind of potential.

Palantir stock's growth occurred after the company reported accelerating revenue growth and expanding margin in every quarter this year. That growth can be attributed to its AI platform catching on with commercial customers and to the continued expansion of its government contracts, which is where Palantir first got its start.

Palantir Technologies is deserving of a higher stock classification following the release of better-than-expected third quarter earnings. See why PLTR stock is a Hold.

Palantir Technologies stock (NASDAQ: PLTR) has had a solid run, rising by almost 4x since the beginning of the year to about $66 presently.

While it is undeniable that Palantir is a high-quality data mining stock with robust AI-powered tailwinds, the company's sky-high valuation -- a price-to-sales ratio near 60 -- requires investors to exercise caution. Here's what astute investors should know about Palantir.

After Nvidia’s roaring success in recent years it may be time for the wider software sector to “get in on the AI party.” That’s the view of Wedbush analysts, who have become increasingly bullish on software stock Palantir Technologies.

It’s hard to believe, but it was just two years ago that OpenAI released ChatGPT to the world – and showed us all just how much potential there

Palantir Technologies (NYSE: PLTR) is one of the hottest stocks of 2024, but I think there is another hot artificial intelligence (AI) software stock that investors should consider as well. AppLovin's (NASDAQ: APP) stock price is up more than 650% so far this year,

Dan Ives, a Wedbush analyst, has reaffirmed his $75 price target for Palantir, citing strong growth potential driven by its AI advancements and software solutions, despite skepticism from some market analysts.

Meanwhile, ARK Innovation ETF ARKK has allocated nearly 5% of its portfolio to Palantir, with over $273 million invested in 6.53 million shares. Known for backing high-growth companies, ARKK boasts over $6 billion in assets under management and has achieved a 13.17% YTD return.

After Nvidia’s roaring success in recent years it may be time for the wider software sector to ‘get in on the AI party.’ That’s the view of Wedbush analysts.