Palantir ( PLTR 8.54%) has quickly emerged as a top artificial intelligence (AI) stock pick for many investors. The stock has more than quadrupled in 2024 and has a huge following.

Shares of both Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA) have delivered stunning gains this year thanks to the growing demand for both artificial intelligence (AI) hardware and software,

Another reason the AI bubble can burst in 2025 is due to the expected resolution of GPU scarcity that's sent Nvidia's stock into the stratosphere.

One of the prominent stocks driven by artificial intelligence (AI) is Palantir Technologies (NASDAQ: PLTR). From a low of around $6 per share at the height of the 2022 bear market, the SaaS stock's AI tools have driven a more than 12-fold gain in the stock in two years.