Palantir Technologies is delivering a banner year for shareholders driven by exceptional growth and accelerating profitability. At the time of this writing, the stock has returned 285% year to date, amid market optimism that this artificial intelligence (AI) innovator is still in the early stages of a global expansion opportunity.

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 (NASDAQ: PLTR) has been one of the top-performing stocks this year. The company's strong results led to the stock's inclusion on the S&P 500, and now it has moved to the Nasdaq stock exchange,

Palantir Technologies ( PLTR -1.03%) shareholders have been living the dream, as the stock soared 61% in November, according to data provided by S&P Global Market Intelligence.

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),