By the close of U.S. markets on December 24, Palantir's stock price had surged by more than 156% since the beginning of the year, earning it the eighth spot among the stocks that make up the S&P 500 index. Data from research firm VandaTrack reveals that, as of December 8, retail investors had net-purchased nearly $8 billion worth of Palantir stock for the year. This figure marks an over 80% increase from 2024 and is five times the amount seen in 2023. Vanda's insights further suggest that Palantir is on track to become the fifth most popular stock among retail investors in terms of net purchases this year, following closely behind two tech behemoths, NVIDIA and Tesla, as well as the SPDR S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ).
