Palantir Stock Will Soar After Dec. 13 (There's a Catch Though)

Palantir Technologies (NASDAQ: PLTR) is one of the most popular artificial intelligence (AI) stocks on the market. Shares have soared 345% year to date because of encouraging financial results and enthusiasm about its position in the burgeoning AI economy. That makes it the best-performing member of the S&P 500 (SNPINDEX: ^GSPC) in 2024.

Last month, Palantir transferred its stock from the New York Stock Exchange to the Nasdaq Exchange. The company said it anticipated meeting the eligibility criteria for the Nasdaq-100, a growth-focused index that tracks the 100 largest non-financial companies listed on the exchange.