Palantir Technologies Inc Stock News

Palantir will join the S&P 500 in September, an index widely seen as the best benchmark for the U.S. stock market. Historically, stocks have achieved double-digit returns during the 12-month period post inclusion in the S&P 500.

Palantir Technologies once was most associated with government contracts, but these days its commercial business is soaring. The company uses artificial intelligence (AI) to help its customers make better use of their data.

Shares of data-analytics firm Palantir Technologies have surged since being tapped to join the S&P 500 index.

Many investors regard the megacap companies of the "Magnificent Seven" as the biggest leaders in artificial intelligence (AI). Some smaller players made waves in the AI realm for a time, but many of them have fallen off investors' radar.

Palantir Technologies has developed an artificial intelligence platform that can help companies automate processes and enhance their decision-making. An advisory company, Forrester, ranked Palantir's platform as the best, even when compared against offerings from big tech giants.

Even after notching 437% gains since early last year, Palantir Technologies stock -- and its business -- continue to gain ground. The announcement that Palantir will be joining the S&P 500 fueled a big move this week.

DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE: PLTR) today announced the livestream of its fifth AIPCon on Thursday, September 12. More than 100 organizations will be at AIPCon, including many customers who are demoing and speaking publicly about their work for the first time — including The National Geospatial-Intelligence Agency, Aramark, bp, Associated Materials, Lear, Trinity In...

Palantir will join the S&P 500 index, which could boost interest in Palantir stock.