Palantir Technologies Inc. (NASDAQ:PLTR) has already climbed more than 300% this year, with recent developments highlighting how the stock is showing no signs of slowing down. From advances in AI technology to its September inclusion in the S&P 500,

Palantir Technologies Inc. (NASDAQ:PLTR) disclosed that it has received FedRAMP High Authorization for its Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service – Supporting Services (PFCS-SS).

Investors should expect that some selling pressure will come in the form of short-term profit-taking before year-end. However, any weakness in Palantir will certainly be met with additional buyers as long-term investors are likely to be waiting for an opportunity to buy Palantir stock on a dip.

The software company also leads the list of stocks that could be added to the Nasdaq 100 at the end of December.

Palantir Technologies ( PLTR -1.03%) shareholders have been living the dream, as the stock soared 61% in November, according to data provided by S&P Global Market Intelligence. The catalyst that initially lifted the stock last month was the artificial intelligence (AI) and data mining specialist's blockbuster financial results,