Running valuation estimates suggest that Palantir stock is wildly overvalued. Airbnb and Lockheed Martin can be worth more than Palantir in five years. If you look at both stocks earnings potential, they are vastly larger than Palantir's.

Palantir Technologies stock (NASDAQ: PLTR) has had a solid run, rising by almost 4x since the beginning of the year to about $66 presently.

Artificial intelligence (AI) has defined the investment narrative of 2024, and Palantir Technologies Inc. (PLTR) has emerged as a massive beneficiary of this transformative trend thanks to its cutting-edge Artificial Intelligence Platform (AIP),

Could this become yet another catalyst that pushes this high-powered artificial intelligence (AI) stock even higher? At first glance, Palantir's move from the New York Stock Exchange to Nasdaq may not seem like a big move since many top growth stocks are on both exchanges.