Palantir (NASDAQ: PLTR) has become one of the leading companies in artificial intelligence (AI), proving the revolutionary technology has incredible utility and value in the real world. With companies further up the value chain reaching gargantuan valuations -- Nvidia's market capitalization is currently about $3.

Palantir Technologies leads the list of a half dozen companies that could be added to the $26 trillion Nasdaq 100 index at its annual reconstitution due to be announced on Dec. 13Stock Other candidates for inclusion at the reconstitution,

Palantir stock has been on a roll but it's a bad idea to chase the software behemoth's shares now, a Baird analyst said.