Palantir Technologies Inc Stock News

They replace American Airlines and Etsy.

The S&P Dow Jones Indices said on Friday server maker Dell Technologies , data analytics firm Palantir Technologies and property and casualty insurer Erie Indemnity will join the benchmark S&P 500 before the market opens on Sept. 23.

There has been buzz about Palantir, a notable AI software play, joining the S&P 500 throughout 2024.

American Airlines and Etsy slide to smaller-cap indexes, making room for the two IT giants.

Dell and Palantir shares both surged in extended trading on Friday after S&P Global announced that the two technology companies would join the S&P 500 U.S. stock index.

Sales of Broadcom's AI-focused chips soared in the second quarter. Palantir's greater push into commercial AI services is paying off.

Palantir's growth is accelerating again and its profits are rising. BigBear.ai is still trying to stabilize its shaky business.

Although the stock market continues to struggle with bearish sentiment, and the weaker-than-expected labor market report failed to ease investors' fears about the United States economy, some stocks have the potential to join the exclusive society of the S&P 500 index (SPY) next year.