The year 2024 has been an extremely successful one for stock markets, mainly due to the explosive growth in demand for artificial intelligence (AI)-related technologies, with the S&P 500 index posting an impressive 24.5% growth, but several companies posting much larger gains.
Three of them - Palantir Technologies, Vistra Corp and Nvidia Corporation - became the undisputed stars of the market thanks to triple-digit returns.
Let's take a look at how each of these companies achieved their successes and why they have captivated investors around the world.
Palantir Technologies $PLTR: The King of Artificial Intelligence
Growth Stock (YTD): +365 %
Known for its advanced data analytics platforms, Palantir Technologies is clearly the top-performing stock of 2024. Its software, like Gotham, Foundry, and Apollo, helps governments and businesses analyze large amounts of data. This year has brought strong financial results for Palantir, including a 30% year-over-year increase in revenue to $726…