Palantir Technologies (PLTR) in Fidelity Mid Cap Index Fund Q3 2024

Data Analytics Leader Driving Growth in Information Technology

Apr 14, 2025

Summary

Strong performance in the Information Technology sector.
Benefited from increased demand for data analytics solutions.
Potential risks include market volatility and competition.
Contributed significantly to the fund's performance with a 22 basis points impact.
Future outlook remains positive with continued innovation in AI and data analytics.

In the Fidelity Mid Cap Index Fund's Q3 2024 review, Palantir Technologies (PLTR, Financial) was highlighted as a significant contributor to the fund's performance. The company, known for its advanced data analytics platforms, has capitalized on the growing demand for data-driven decision-making across various industries. This demand has bolstered its position within the Information Technology sector, contributing 22 basis points to the fund's overall performance.

"Palantir's innovative approach to data analytics and its strategic partnerships have positioned it as a leader in the sector, driving substantial growth and value for our portfolio." — Fidelity Mid Cap Index Fund, Q3 2024 Fund Letter

Read full letter at gurufocus fidelity mid cap index fund q3 2024 review 2024 Q3 page.

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