Down More Than 30% From Its 52-Week High, Is Palantir Technologies Stock a Buy?
Palantir Technologies (NASDAQ: PLTR) has been a darling for tech and artificial intelligence (AI) investors over the past year, as it has continually hit new heights despite concerns about its soaring valuation. Lately, however, it has been falling sharply in value, along with the market as a whole. In just the past month, the stock fell more than 25% and it closed on Monday at a price of less than $84-- that's down 33% from its 52-week high of $125.41.Could this recent drop in value be your chance to buy into one of the hottest AI stocks on the markets?Palantir is a data analytics company that helps companies in their decision-making processes. Whether it's aiding governments in counterterrorism activities or giving commercial customers the best available information they need to make decisions, Palantir can stand to benefit from opportunities across many industries. The launch of its AI-powered platform has taken things to a whole new level, as is evident with the rapid acceleration of its growth rate in recent quarters.Continue reading
Palantir Technologies (NASDAQ: PLTR) has been a darling for tech and artificial intelligence (AI) investors over the past year, as it has continually hit new heights despite concerns about its soaring valuation. Lately, however, it has been falling sharply in value, along with the market as a whole. In just the past month, the stock fell more than 25% and it closed on Monday at a price of less than $84-- that's down 33% from its 52-week high of $125.41.
Could this recent drop in value be your chance to buy into one of the hottest AI stocks on the markets?
Palantir is a data analytics company that helps companies in their decision-making processes. Whether it's aiding governments in counterterrorism activities or giving commercial customers the best available information they need to make decisions, Palantir can stand to benefit from opportunities across many industries. The launch of its AI-powered platform has taken things to a whole new level, as is evident with the rapid acceleration of its growth rate in recent quarters.
