Dan Ives is the global head of technology research at Wedbush Securities. During his two decades following the tech sector, Ives has made several big, bullish calls that challenged the prevailing sentiment on Wall Street.For instance, he predicted in January 2024 the Nasdaq Composite would hit 20,000 this year. Lo and behold, the index crossed that threshold last week. But Ives made what may be his boldest call to date last month during an interview with Schwab Network.He argued Wall Street is dramatically ...

Key TakeawaysPalantir shares are likely to be in the spotlight on Monday after the Nasdaq announced late Friday that the analytics software provider had been added to the Nasdaq 100 Index.The stock has continued to trend sharply higher after breaking out from a cup and handle pattern, though the relative strength index cautions overbought conditions that could lead to near-term price fluctuations.The measuring principle, which calculates the percentage change to the cup and handle’s “cup” and adds it to the ...

There's no way to deny it: 2024 was a stunning year for the stock market. As of this writing, the S&P 500 is up nearly 28% year to date. As always, there are stocks significantly outperforming this otherwise impressive return.Among the top performers for the S&P 500 are Nvidia, which is up 180%, and Palantir Technologies, which is up more than 300%. But you likely already knew that these two stocks have been big winners this year -- they're the talk of the town.I'd like to highlight three other constituents ...

Core View - Palantir's Artificial Intelligence Platform (AIP) has created new opportunities, with a focus on military AI as a significant growth catalyst [1][4][5] - The company is emerging as a strong competitor to big tech in the AI space, particularly in the defense sector [3][7] Industry Trends - AI is a megatrend, with major tech companies like Nvidia, Microsoft, Apple, Alphabet, Meta Platforms, Amazon, and Tesla leading the charge [2] - The military AI market, including data analytics and robotics automation, has a total addressable market size of over $60 billion [6] Palantir's Strategic Moves - Palantir has partnered with Microsoft to integrate AIP into Azure cloud infrastructure for the Department of Defense [7] - The company has also formed alliances with Amazon Web Services (AWS) and Meta, leveraging their large language models (Claude and Llama) for defense applications [8] - Palantir has secured significant federal contracts, including a $100 million deal under the Maven contract and a nearly $1 billion deal with the Naval Information Warfare Center (NIWC) [9] Partnerships and Contracts - Palantir has expanded its reach by partnering with Anduril, a start-up specializing in autonomous systems like underwater drones [10][11] - The company has also collaborated with Booz Allen Hamilton, a leader in government consulting [11] Future Outlook - Palantir's U S government business is expected to accelerate significantly in 2025 as its partnerships and contracts yield results [12] - The company is well-positioned to benefit from increased government investment in AI, particularly in the defense sector [12]

Palantir stock's huge rise this year has earned it a spot on another stock index.Palantir Technologies (PLTR 3.92%) stock investors got some good news to start their weekends. On Friday at 8 p.m. ET, Nasdaq (NDAQ -0.93%) announced that the artificial intelligence (AI)-powered software company is being added to the Nasdaq-100 index.This move by Nasdaq -- which owns and operates its namesake stock exchange and others -- is part of its annual reconstitution of the Nasdaq-100 index, which comprises 100 of the l ...

With its stock up 2,500% in the past five years, it's perhaps not surprising that investors are looking for the next Nvidia (NVDA -2.25%). The company has been the biggest winner from the artificial intelligence (AI) boom and as a result has become one of the largest companies in the world.I was recently browsing a stock message board when I saw an investor ask which stock will be the next Nvidia. The overwhelming response was Palantir (PLTR 3.92%). The company has already had a strong 2024 and its stock ha ...

Palantir Technologies (NASDAQ: PLTR) has caught the stock market’s attention with its meteoric rise in 2024, driven by the inroads into artificial intelligence (AI).This AI venture and subsequent stock growth have attracted diverse investors, from institutions to individuals, who are betting on the company’s future growth.The stock is currently aiming to reclaim its all-time high above $80. At close of the last trading session, PLTR was valued at $76.07, up nearly 4% for the day. Year-to-date, the PLTR shar ...

Palantir Technologies (PLTR 3.92%) has been one of the hottest stocks on the market in 2024, logging amazing gains of 319% as of this writing. The company's artificial intelligence (AI) software platform has been in terrific demand from customers and governments looking to integrate generative AI into their data analysis.Palantir's revenue growth accelerated in recent quarters, and its sizable revenue pipeline suggests that it could maintain that momentum in 2025 as well. However, there is one problem with ...

The S&P 500 (^GSPC -0.00%) soared from the very start of the year, confirming its presence in a bull market and going on to reach record high after record high. And today, the benchmark continues this momentum, now heading for an annual gain of more than 27%. That follows last year's 24% increase, marking two fantastic years for investors.Technology companies have contributed significantly to the movement, as investors poured into those winning in the area of artificial intelligence (AI). With AI's promise ...

Key TakeawaysPalantir, MicroStrategy, and Axon Enterprise are set to join the Nasdaq 100 Index on Monday, Dec. 23.They will replace Super Micro Computer, Moderna, and Illumina, as part of an annual reconstitution of the index, the Nasdaq said Friday.It was a big week for the Nasdaq 100, which topped the 20,000 level for the first time ever Wednesday. Palantir (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON) are set to join the Nasdaq 100 Index on Monday, Dec. 23, replacing Super Micro Computer (SMC ...