Will their additions to the Nasdaq 100 help lift Palantir and MicroStrategy to new heights in 2025? Palantir is an extremely popular stock with retail investors, and its valuation has soared in 2024 at an incredible pace. Its gains totaled 340%.

This year, everyone has been focused on one theme and one theme only: the technology sector’s role in the development and adaptation of artificial intelligence. While there have been some clear winners in the semiconductor industry as the primary supporters of this new technology,

Palantir (NASDAQ: PLTR) was one of the best-performing stocks of 2024. The analytics and software management platform for government agencies, the military, and big business soared 340% for the year and sports a market cap of $167 billion as of this writing.

Key Takeaways Shares of Palantir Technologies, MicroStrategy, and Axon Enterprise traded lower in their first day on the Nasdaq 100 Index.The Nasdaq announced Dec. 13 that the three would join the index before today's start of trading as part of its annual reconstitution.

Palantir Technologies (PLTR) stock is extending its pullback from all-time highs after its Nasdaq-100 (NDX) debut

Palantir Technologies has been one of the hottest stocks on the market over the past couple of years, clocking eye-popping gains of more than 1,100% as of this writing thanks to its accelerating growth that's being driven by the booming demand for artificial intelligence (AI) enterprise software.