If You Buy Palantir Stock With $20,000 in 2025, Will You Be a Millionaire in 10 Years?
Palantir Technologies (NASDAQ: PLTR) is one of the most heavily traded tickers on the U.S. market. The stock is especially popular among retail investors, many of whom admire CEO Alex Karp for his blunt language and brutal honesty. In turn, Karp has often said the retail crowd understands Palantir better than Wall Street.The launch of ChatGPT in late 2022 popularized generative artificial intelligence. That was a big catalyst for technology companies because it boosted demand for automation. But Palantir has likely been the biggest winner to date. The stock has soared 1,580% since January 2023, topping the next closest contender in the S&P 500 -- which happens to be Nvidia -- by more than 900 percentage points.That brings me to two important questions: Is Palantir still a worthwhile investment today? Could the stock turn $20,000 invested this year into $1 million over the next decade? Here's what investors should know.Continue reading
Palantir Technologies (NASDAQ: PLTR) is one of the most heavily traded tickers on the U.S. market. The stock is especially popular among retail investors, many of whom admire CEO Alex Karp for his blunt language and brutal honesty. In turn, Karp has often said the retail crowd understands Palantir better than Wall Street.
The launch of ChatGPT in late 2022 popularized generative artificial intelligence. That was a big catalyst for technology companies because it boosted demand for automation. But Palantir has likely been the biggest winner to date. The stock has soared 1,580% since January 2023, topping the next closest contender in the S&P 500 -- which happens to be Nvidia -- by more than 900 percentage points.
That brings me to two important questions: Is Palantir still a worthwhile investment today? Could the stock turn $20,000 invested this year into $1 million over the next decade? Here's what investors should know.