Can Palantir Technologies Stock Turn a $25,000 Investment Into More Than $1 Million?

If you had invested $25,000 in Palantir Technologies (NASDAQ: PLTR) stock at the start of 2024, you would have finished the year with more than $110,000. Last year was a significant one for the business as it solidified itself as a top growth stock. Not only did it generate solid top-line growth, but its bottom line was also impressive. As a result, the stock is now a part of both the S&P 500 and the Nasdaq-100 index.The data analytics company is leveraging artificial intelligence (AI) to grow its operations, with CEO Alex Karp remaining bullish on its future growth prospects. But at an elevated valuation and market cap of around $170 billion, is Palantir Technologies stock still a great place to invest, and can it turn a $25,000 investment into $1 million or more?This is the big question investors need to ask themselves if they're serious about buying shares of Palantir. AI-fueled demand has helped accelerate the company's growth rate in the past year and has made Karp excited about its future.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool