If you bought $10,000 of Palantir (NASDAQ: PLTR) stock in 2020 when shares first hit the public market, you’d have close to $187,000 as of this writing. That kind of money can create a solid foundation toward building a $1 million portfolio. Even if Palantir stock merely meets the average return of the S&P 500, keeping those shares for another 15 to 20 years could result in a shareholder reaching millionaire status.
But a lot of people missed the boat on Palantir. The company’s stock has zoomed higher since late 2022, as generative artificial intelligence (AI) has helped expand its capabilities and support profitable revenue growth. And if you’re just looking to invest in Palantir shares today, you may be wondering if you missed the chance to become a millionaire on the back of a relatively small $10,000 investment in one of the hottest tech companies in the world.
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