Investors should expect that some selling pressure will come in the form of short-term profit-taking before year-end. However, any weakness in Palantir will certainly be met with additional buyers as long-term investors are likely to be waiting for an opportunity to buy Palantir stock on a dip.

Palantir Technologies stock was climbing Tuesday after the software company said it had secured authorization for its entire product suite to be used in processing sensitive federal workloads.Shares rose 7.

Palantir Technologies Inc. (NASDAQ:PLTR) disclosed that it has received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS).

Among AI's hottest stocks through 2024 are data analytics company Palantir Technologies ( PLTR 6.88%) and semiconductor leader Nvidia ( NVDA 1.18%). Both companies have handily topped the markets this year -- with shares of Palantir rocketing by 291% while Nvidia has gained about 179% (as of market close Nov. 29).

Palantir Technologies stock (NASDAQ: PLTR) has had a solid run, rising by almost 4x since the beginning of the year to about $66 presently.

Palantir's stock is driven by unrealistic expectations rather than fundamentals. Click here to find out why I maintain my hold rating on PLTR stock this time.

Palantir Technologies ( PLTR -1.03%) shareholders have been living the dream, as the stock soared 61% in November, according to data provided by S&P Global Market Intelligence.

Palantir Technologies leads the list of a half dozen companies that could be added to the $26 trillion Nasdaq 100 index at its annual reconstitution due to be announced on Dec. 13StockOther candidates for inclusion at the reconstitution,

Palantir Technologies (PLTR) has been a star performer in 2024, with its stock surging an eye-popping 293% year-to-date. The growth in shares of this data analytics and software company is primarily driven by soaring demand for its artificial intelligence (AI) solutions,