Palantir Stock Has Gained 16% Since Being Added to the S&P 500. This Stock Did Even Better.
Palantir (PLTR) stock has surged 16% since it was added to the S&P 500 index on Dec. 20, 2022. However, a lesser-known tech stock has outperformed Palantir since the index inclusion, gaining an impressive 42%. Quanergy Systems Inc. (QNGY), a sensing technology provider focused on AI-powered perception solutions, has been making waves in the market. Its strong fundamentals and growth prospects have contributed to its significant stock appreciation, even amid the broader market’s challenges.