It's been an excellent year for stock market investors. The S&P 500 index has delivered an excellent 26% return thus far in 2024, driven by resilient macroeconomic conditions, record corporate earnings, and growing optimism about artificial intelligence's (AI) transformative potential across the economy.

For me at the moment, the stock I'm wishing I held in my portfolio is Palantir Technologies (NASDAQ: PLTR). Why do I wish I were a Palantir Technologies shareholder? There are several reasons why I'm wishing I owned Palantir Technologies.

Palantir Technologies stock (NASDAQ: PLTR) has had a solid run, rising by almost 4x since the beginning of the year to about $66 presently.

SoundHound AI isn't trying to hide what it does with its name. It has an AI-powered audio recognition platform that helps convert speech input to a format that AI can use as an input. This technology has ramifications everywhere and has already found many use cases.

After Nvidia’s roaring success in recent years it may be time for the wider software sector to “get in on the AI party.” That’s the view of Wedbush analysts, who have become increasingly bullish on software stock Palantir Technologies.