Why Palantir Stock Nearly Doubled in May
Palantir Technologies (NYSE: PLTR) has been a momentum stock since it first went public during most of its two and a half years as a public company. In May, the company found itself in the center of the hottest trend in investing, and the stock shot higher. Shares of Palantir gained 89.8% in May, according to data provided by S&P Global Market Intelligence, as investors flocked toward stocks that are involved in artificial intelligence.