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

Dubbed the Messi of AI growth, Palantir Technologies Inc. (NASDAQ:PLTR) has had a remarkable couple of years. The stock soared more than 45% this month alone, demonstrating how far it has come from being a government-focused contracting and consulting firm to an AI-driven data analytics software company.

In a week when the broad market rally lost some steam, Palantir Technologies Inc. (NYSE: PLTR) ended the week on a tear. PLTR stock was up 9.13% at the close of trading on November 15. The catalyst for the price movement was the announcement that Palantir was leaving the New York Stock Exchange and would be listed on the NASDAQ exchange.

And while selling some stock after a parabolic or vertical spike may prove a poor decision over the near term (or, in a few cases, the long term) as momentum builds upon itself, driving shares even higher in the weeks and months that follow,

KEY TAKEAWAYS Palantir Technologies shares jumped Friday after the analytics software provider said it is shifting its listing to the Nasdaq from the New York Stock Exchange.The company, a retail investor favorite,

Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 9.6% in the morning session after the company announced plans to transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Stock Exchange.

Palantir's AI software platform has grown in popularity. Stocks trading at this price level have seldom worked out for investors. Palantir will succeed in the long term, but its stock will be in trouble.

Palantir Technologies (PLTR) is an artificial intelligence (AI)-powered tech stock that has captured Wall Street's imagination in 2024. With a market cap of nearly $150 billion, Palantir stock has returned 280% to shareholders year-to-date.