Despite Its Recent Addition to the S&P 100, This Artificial Intelligence (AI) Growth Stock Is Trading 28% Below All-Time Highs. Time to Buy the Dip?
Shares of Palantir have gotten whacked during the ongoing Nasdaq sell-off.
Last year, shares of artificial intelligence (AI) software company Palantir Technologies (NASDAQ: PLTR) went parabolic -- soaring by 340%, which made the company the top-performing stock in the S&P 500. In addition to this feat, Palantir was added to the Nasdaq-100 toward the end of 2024.
Up until mid-February, Palantir stock appeared to be carrying its momentum from last year into 2025. At one point, shares were up by 65% -- trading for around $125 per share.
But over the last month, the stock has entered a downward spiral. As of this writing (March 27), Palantir stock is trading 28% below its prior all-time highs. The ongoing sell-off comes at a time when Palantir just earned inclusion into another exclusive club, the S&P 100.
