Could Investing $10,000 in Palantir Stock Make You a Millionaire?

Want to make boatloads of money? Bet on the right stock at the right time. Palantir Technologies (NASDAQ: PLTR) is an excellent example of how this can work. A $10,000 investment made when the company went public in late 2020 would be worth $146,000 today -- a return of 1,270% compared to the S&P 500's return of 84% over the same time frame.That said, past performance is no guarantee of future performance. And Palantir's rocket ship rally made its shares uncomfortably expensive compared to market averages. Let's dig deeper to see if the data analytics and artificial intelligence (AI) leader is still capable of multibagger long-term returns.Since its founding in 2003, Palantir focused on providing software to help public- and private-sector clients identify trends, detect fraud, and optimize their operations through big data analytics. Investors became particularly excited about the stock after it began incorporating generative AI-related functionality into its offerings, allowing it to deliver real-time insights in situations like battlefields or law enforcement.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool