Palantir Technologies stock was slipping on Wednesday, the day before it could potentially join the Nasdaq 100. Shares in the company, which develops software platforms that mine data, slid 2.4% to $69.

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,

Palantir Technologies ( PLTR 0.47%) has been one of the top-performing stocks this year. The company's strong results led to the stock's inclusion on the S&P 500, and now it has moved to the Nasdaq stock exchange, where it could soon join the even more exclusive Nasdaq 100 index.