Should You Buy Palantir Before Dec. 23?

Palantir Technologies (NASDAQ: PLTR) has reached many major milestones this year. The company joined the prestigious S&P 500 index back in September, proving it's now one of the major players driving today's economy. And in the most recent quarter, this 20-year-old business generated its biggest profit ever following quarter after quarter of double-digit revenue growth. The stock price has reflected all of this and more, and today, Palantir is heading for a mind-blowing 340% annual gain. That makes it the best performing stock in the S&P 500 for the year.Why such success? Palantir launched its Artificial Intelligence Platform (AIP) a year ago, and demand from governments and commercial customers has taken off. The company, through its technology, helps its customers aggregate all of their data and make better use of it -- and often the results are game-changing.And the excitement may not be over for Palantir even in these final days of the year. Last week, the company was invited to join the Nasdaq 100, and it will officially enter the index on Dec. 23. Should you buy the stock before that big moment? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool