Palantir's business has been booming as artificial intelligence (AI) elevated the company's offerings, leading to a surge in demand, and multiple quarters of impressive results. But is this tech stock still a no-brainer buy heading into 2025?

Key Takeaways Palantir Technologies shares retreated Monday after hitting their latest all-time high earlier in the session.The software maker had a record-high close Friday after announcing a collaboration with defense tech contractor Anduril,

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

The Nasdaq-100 is reconstituted annually in December. The additions and deletions are announced after the market closes on the second Friday of the month, and the changes take effect on the first trading day following the third Friday. The relevant dates this year are Dec. 13 and Dec. 23.

Palantir stock has been on a roll but it's a bad idea to chase the software behemoth's shares now, a Baird analyst said.

Artificial intelligence outfit Palantir Technologies (NASDAQ:PLTR) may be poised to see its stock soar this Friday. Although it has already quadrupled in value in 2024 and has gained over 620% since its 2020 IPO,