Is Palantir Technologies the Ultimate Stock to Avoid Tariff Fears?
Tariffs usually target physical goods, not products like software. This makes software companies like Palantir Technologies (NASDAQ: PLTR) a potential safe haven for investors. However, if corporate profits fall at other companies, they may be less likely to spend on enterprise software, which could harm Palantir's demand.But considering how popular its software has become among companies looking to deploy an AI-driven data analytics platform, the company may still see strong demand. So, is it the ultimate stock to avoid tariff fears?Since the market sell-off began in mid-February, the stock has declined around 40% from its all-time high, but currently only sits a bit more than 10% down from that high. That's a pretty clear indication from the broader market that Palantir could be an excellent investment as concerns about how tariffs will affect the economy ramp up.Continue reading
Tariffs usually target physical goods, not products like software. This makes software companies like Palantir Technologies (NASDAQ: PLTR) a potential safe haven for investors. However, if corporate profits fall at other companies, they may be less likely to spend on enterprise software, which could harm Palantir's demand.
But considering how popular its software has become among companies looking to deploy an AI-driven data analytics platform, the company may still see strong demand. So, is it the ultimate stock to avoid tariff fears?
Since the market sell-off began in mid-February, the stock has declined around 40% from its all-time high, but currently only sits a bit more than 10% down from that high. That's a pretty clear indication from the broader market that Palantir could be an excellent investment as concerns about how tariffs will affect the economy ramp up.
