Palantir's stock is driven by unrealistic expectations rather than fundamentals. Click here to find out why I maintain my hold rating on PLTR stock this time.

Every so often in an investor's life, there will be a stock that you really want to own, but that you shouldn't buy. If you lack significant investment experience, or considerable willpower, you may be inclined to purchase the asset,

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

Palantir Technologies (PLTR) has been a star performer in 2024, with its stock surging an eye-popping 293% year-to-date. The growth in shares of this data analytics and software company is primarily driven by soaring demand for its artificial intelligence (AI) solutions,

Today, Palantir has a market cap of $151 billion, which is close to cracking the top 100 largest companies in the world (Palantir currently sits at No. 104). After producing these huge gains, I think there are now better stocks you can invest in.