Palantir has put early investors in a great position to become millionaires. Is it too late to join them?

If you bought $10,000 of Palantir ( PLTR -2.14% ) stock in 2020 when shares first hit the public market, you'd have close to $187,000 as of this writing. That kind of money can create a solid foundation toward building a $1 million portfolio. Even if Palantir stock merely meets the average return of the S&P 500 , keeping those shares for another 15 to 20 years could result in a shareholder reaching millionaire status.

But a lot of people missed the boat on Palantir. The company's stock has zoomed higher since late 2022, as generative artificial intelligence (AI) has helped expand its capabilities and support profitable revenue growth. And if you're just looking to invest

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