Palantir's stock hits an all-time high ahead of its move to Nasdaq, attracting more investors.

Palantir Technologies' stock hit an all-time high after the company announced it will move its listing from the New York Stock Exchange to the Nasdaq on November 26. The move could attract more institutional investors and ETFs tracking the Nasdaq 100 index, potentially boosting the stock further. Despite a high valuation, Palantir's recent strong earnings and increased demand for its AI platform have driven its market cap to over $147 billion. Some analysts caution that the stock may be overvalued, with a price-to-sales ratio of 54 and a price-to-earnings ratio near 200.

November 14, 2024
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