Direxion Daily PLTR Bull 2X Shares

PLTU

Market cap $504M

Easily one of the top-performing publicly traded enterprises this year, big data analytics specialist Palantir Technologies Inc. (NASDAQ: PLTR) continues to climb a wall of worries, despite growing anxieties regarding a brewing bubble in artificial intelligence. Since the start of the year, PLTR stock has gained more than 140%, undoubtedly putting a smile on long-term stakeholders' faces.

The fear of lofty valuations not supported by underlying fundamentals induced anxiety into the capital markets during November. That, however, didn't stop inflows into the  Direxion Daily Semiconductor Bull 3X Shares (SOXL).

Palantir (PLTR) stepped into the earnings confessional Monday after the close of U.S. markets. (This article was written in advance of the report.

Nvidia and Palantir have been two prominent names riding the AI investing wave that's captivated the markets this year. However, questions surrounding valuations exceeding fundamentals are starting to surface.

On paper, big data analytics giant Palantir Technologies Inc (NASDAQ:PLTR) still represents one of the strongest statistical performances among major publicly traded enterprises. Since the start of the year, PLTR stock has moved up over 152%.

The top annual ETF performers share a common trait, the firm behind them and investors who are ready to trade no matter which direction the market goes.

Micron smashed its fiscal Q4 earnings with beats across the board and positive guidance on Tuesday, which should gives bulls more room to run. However, its largest peer in the semiconductor space, Nvidia, could be heading in the opposite direction.

European nations are recognizing they need to commit more capital to defense. Therefore,related spending is surging around the world.

Nvidia has been sitting pretty atop the list of largest companies. After its fiscal year 2026 Q2 earnings, it sent a message that it plans to remain there.

PLTR tops $1B in Q2 revenues for the first time, fueling ETFs like PLTU, IGV, IETC, and SHLD that are tied to the stock's surge.