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).

Palantir Technologies ( PLTR 1.56%) has been one of the top-performing stocks this year. The company's strong results led to the stock's inclusion on the S&P 500, and now it has moved to the Nasdaq stock exchange, where it could soon join the even more exclusive Nasdaq 100 index.

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Among AI's hottest stocks through 2024 are data analytics company Palantir Technologies (NASDAQ: PLTR) and semiconductor leader Nvidia (NASDAQ: NVDA). 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.

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

Artificial intelligence (AI) has defined the investment narrative of 2024, and Palantir Technologies Inc. (PLTR) has emerged as a massive beneficiary of this transformative trend thanks to its cutting-edge Artificial Intelligence Platform (AIP),

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.