Data News > Pre Market Movers: Stock Market Summary: The Rise of Palantir in 2024 and Predictions for 2025

Pre Market Movers: Stock Market Summary: The Rise of Palantir in 2024 and Predictions for 2025

By KlickAnalytics Data Insights  |   December 31, 2024 09:29AM ET

Key Points

- S&P 500 Index is up 23% in 2024
- Palantir Technologies claimed the title of best-performing stock in the S&P 500
- Nasdaq-100 had a remarkable 28% gain in 2024
- Option trade could provide a 39% return on Palantir stock
- Palantir vs. Salesforce: a comparison of AI software stocks for 2025

As 2024 comes to a close, the stock market has seen significant growth, with the S&P 500 Index up approximately 23%. However, investors are increasingly realizing that the stock market does not always accurately reflect the state of the economy, as there have been unclear and conflicting data points throughout the year.

One company that has stood out in 2024 is Palantir Technologies (PLTR), which is poised to claim the title of the S&P 500 index's best-performing component. The tech-heavy Nasdaq-100 has also had an impressive year, with a 28% gain, tracking the 100 largest nonfinancial companies in the Nasdaq Composite.

Despite Palantir's phenomenal run throughout the year, some analysts are starting to question whether the stock is becoming exhausted, with negative options flow indicating a potential downturn. However, there are still many reasons to love Palantir stock, with artificial intelligence (AI) stocks being a key driver of growth in 2024.

Looking ahead to 2025, analysts are predicting that big tech stocks like Palantir, Tesla, and others will continue to dominate the market. Wedbush analyst Dan Ives believes that deregulation, AI advancements, and a strong economic environment will provide a favorable set-up for these companies in the coming year.

One key consideration for investors heading into 2025 is the comparison between AI software stocks like Palantir and Salesforce. While companies involved in AI infrastructure have seen early success, software companies are also starting to benefit from the AI boom. Palantir's deal with Red Cat in 2024 was seen as a game-changer for the company, which saw notable highlights like inclusion in the S&P 500 and Nasdaq-100 indices.

As the year comes to a close, top-performing tech stocks like Palantir, Nvidia, and Broadcom are attracting attention from Wall Street forecasters, who are making bold predictions about where these stocks will go next. Despite uncertainties in the market, there is a sense of optimism surrounding the potential for continued growth in the stock market as we head into 2025.

About PLTR
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that transforms the ways organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform (AIP) that provides unified access to open-source, self-hosted, and commercial large language models (LLM) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company was incorporated in 2003 and is headquartered in Denver, Colorado.

For more information:
  • Up/Down Rally
  • Price Distribution
  • Analyst Recommendations
  • Earning Price Impact Analysis
  • Seasonality


  • Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.