After a jump of that magnitude, some investors may wonder if it's simply too late to buy the stock.

Palantir Technologies shares rocketed higher Tuesday after earnings results comfortably beat expectations. Many analysts are wary the analytics software provider is overvalued.

Palantir Technologies Inc.'s stock is now the second-best performer in the S&P 500 for 2024, with its fervent recent rally carrying above Nvidia Corp.'s stock. Shares of Palantir, which joined the S&P 500 in September,

Shares of Palantir ( PLTR 23.47%) were soaring today after the artificial intelligence (AI)-focused software stock posted better-than-expected results in its third-quarter earnings report last night, as revenue growth accelerated for the fifth quarter in a row. It posted strong margin expansion as well.

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