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Alex Karp, CEO of Palantir Technologies, announced that Palantir and Dell would be added to the S&P 500 index, replacing American Airlines and Etsy, respectively, causing both stocks to rise in extended trading. Palantir, which went public in 2020, has seen significant growth, posting profits and experiencing accelerated revenue growth for four consecutive quarters. Karp, known for promoting patriotism in tech, emphasized the importance of profitability for inclusion in the S&P 500, with Dell’s profitability and strong performance driven by AI server demand contributing to its addition to the index alongside Palantir.
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