Palantir, rising in after-hours trading on nasdaq migration announcement, supported by growing demand for AI and performance.

November 15, 2024 (excerpt)

Data analytics company Palantir Technologies Inc announced that it will transition the listing of its Class A common stock from the New York Stock Exchange to the Nasdaq Global Select Market. The company's stock price rose by 3.87% in Thursday's after-hours trading. Palantir's stock will continue to trade under the ticker symbol "PLTR", and trading on Nasdaq is scheduled to begin on November 26.
Palantir is a hot stock this year, especially with a nearly 245% stock price increase since the beginning of the year backed by its superiority in the AI field. In the latest quarterly earnings, it achieved a 30% increase in revenue compared to the previous year, and a solid growth with a 39% increase in the number of USA customers. CEO Alex Karp stated that the AI demand from the USA government and commercial customers is significantly driving the financial performance.