Palantir Technologies (NASDAQ: PLTR) emerged as one of the biggest winners of 2024. Shares of the artificial intelligence (AI) and data analytics software company skyrocketed 340%. Palantir's additions to the S&P 500 and Nasdaq-100 indexes helped fuel investor excitement.

Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence (AI) stocks of 2024. An examination of one metric regarding Palantir directly addresses this level of performance, and shareholders should take notice of it to determine what to do with their holdings.

We recently published a list of 15 AI Stocks That Skyrocketed in Q4. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other stocks that skyrocketed in Q4.

The carbon capture and storage market has become a major focus for oil and gas companies looking for low-carbon investments as part of emissions reductions efforts

Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence (AI) stocks in 2024, and for good reason. Growth accelerated as U.S. commercial clients began adopting the company's Artificial Intelligence Platform while its largest customer,

Palantir Technologies was the best-performing member of the S&P 500 ( ^GSPC -1.11%) in 2024. Its share price surged 340% last year as growing demand for its artificial intelligence platform excited investors. Palantir has grown into a $181.9 billion business, but I think semiconductor comany Arm Holdings ( ARM -2.06%) can top that figure in 2025.

Perhaps the stock investors are most excited about when it comes to AI is Palantir Technologies (NASDAQ: PLTR). While a number of big tech companies have been rushing to create the best AI models, Palantir has been taking a different approach.

Wedbush analyst Dan Ives remains bullish and expects Tesla's market cap to hit $2 trillion in 2025, saying the coming four years will be a "total game changer" for Tesla. He expects the Trump administration to fast-track full self-driving (FSD), paving the way for the company's robotaxi agenda.

Palantir stock is trading at an expensive valuation right now, but its positioning in the AI software platforms market could help it justify that valuation. The recent improvement in Palantir's growth suggests that it is benefiting from the massive end-market opportunity on offer.

While it’s too early to label C3.ai as the next Palantir, the company’s solid foundation, driven by strategic partnerships, generative AI advancements, and a growing presence in key industries, positions it as a strong contender in the AI sector.

BigBear.ai (NASDAQ:BBAI) fell for the third consecutive day, but the losses accelerated as BBAI stock crumpled 16.2%. The stock is down almost 27% over those three days. It’s lost more than a third of its value since its all-time high achieved at the end of 2024.

ARKF ETF has sold $15 million worth of shares of Palantir stock, may have caused a bit of a sell-off. See why I maintain a long-term buy rating on PLTR shares.