
Palantir Technologies (NASDAQ: PLTR) was the standout and number one performer in the S&P 500 in 2024, with its stock skyrocketing 340% in 2024 and elevating its market capitalization to an impressive $163 as of the January 17 close. As a leading SaaS company specializing in AI and big data analytics, Palantir has become somewhat of a poster child for the AI boom. However, after such a historic rally, concerns about its stretched valuation loom large. Can Palantir sustain its momentum in 2025, or is a pullback inevitable?