Palantir Surpasses Nvidia as S&P 500's Rising Star

Palantir Technologies has become the top-performing stock in the S&P 500 for 2024, surpassing Nvidia, which led in 2023. Palantir's stock has surged over 283% this year, driven by strong earnings growth and its inclusion in the S&P 500. The company has seen a significant increase in commercial revenue, complementing its traditional government contracts. Meanwhile, Vistra, Nvidia, GE Vernova, and Axon Enterprise are also among the top performers in the index this year.