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 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's stock is driven by unrealistic expectations rather than fundamentals. Click here to find out why I maintain my hold rating on PLTR stock this time.

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

Today, Palantir has a market cap of $151 billion, which is close to cracking the top 100 largest companies in the world (Palantir currently sits at No. 104). After producing these huge gains, I think there are now better stocks you can invest in.

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),

With this move, Palantir could soon join the Nasdaq 100 index. The move could result in more visibility for the stock. The stock's short interest has been rising of late, and that trend could continue.