
Artificial intelligence (AI) has been a transformative force in the financial markets, uplifting many stocks over the past year. Palantir Technologies Inc. (PLTR) and Dell Technologies Inc. (DELL) are two beneficiaries of this game-changing technology. While Palantir reaped significant rewards from the launch of its Artificial Intelligence Platform (AIP) last year, Dell is also aggressively tapping into AI's vast potential to drive its growth.
This week, Palantir and Dell shares soared after S&P Global (SPGI) announced that both tech giants will join the benchmark S&P 500 Index ($SPX) ahead of the opening bell on Monday, Sept. 23. Palantir is poised to replace American Airlines (AAL) in the index, while Dell will take over Etsy’s (ETSY) spot.