We recently compiled a list of the Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other stocks Jim Cramer recently talked about. The Federal Reserve created quite a bit of turmoil in the […]

Artificial intelligence outfit Palantir Technologies (NASDAQ:PLTR) may be poised to see its stock soar this Friday. Although it has already quadrupled in value in 2024 and has gained over 620% since its 2020 IPO, shares of the data analytics firm could see PLTR stock add more altitude to its gains. That's because Palantir could be added to the Nasdaq 100 index later this month. With a market capitalization of over $155 billion, the AI shop could end up ranking as high as the 25th largest stock on the index.

Palantir Technologies, MicroStrategy, and Axon Enterprises will join the Nasdaq 100 index as part of its annual reconstitution, replacing Moderna, Super Micro Computer, and Illumina. These changes had been expected because the reconstitution adds companies with the highest market values in the Nasdaq Composite index that aren’t in the Nasdaq 100 and drops companies with the lowest market values. Barron’s wrote Friday that Palantir and MicroStrategy led the list of potential adds to the Nasdaq 100. Palantir shifted to the Nasdaq from the NYSE in November to be eligible for inclusion in the Nasdaq 100 at the reconstitution.

Palantir Technologies Inc. (NASDAQ:PLTR) has already climbed more than 300% this year, with recent developments highlighting how the stock is showing no signs of slowing down. From advances in AI technology to its September inclusion in the S&P 500, the stock surge can be attributed to abundant growth triggers. On December 3rd, Palantir Technologies announced […]