Is the Bubble About to Burst for Palantir Technologies Stock?
It seems nothing can go wrong for Palantir Technologies (NASDAQ: PLTR) these days. Shares of the artificial intelligence (AI) and data analytics software company skyrocketed 167% in 2023 and 340% in 2024. So far this year, the stock is up more than 50% -- a remarkable gain in only six weeks.But all good things must end sooner or later. Is the bubble about to burst for Palantir?Before I go any further, I'll readily admit that some would challenge the view that Palantir stock is in a bubble. For example, Wedbush analyst Dan Ives wrote to investors in January that Palantir's "game-changing AIP technology is quickly becoming a key foundational platform for enterprises heading down the AI use case path across verticals," according to media reports. Continue reading
It seems nothing can go wrong for Palantir Technologies (NASDAQ: PLTR) these days. Shares of the artificial intelligence (AI) and data analytics software company skyrocketed 167% in 2023 and 340% in 2024. So far this year, the stock is up more than 50% -- a remarkable gain in only six weeks.
But all good things must end sooner or later. Is the bubble about to burst for Palantir?
Before I go any further, I'll readily admit that some would challenge the view that Palantir stock is in a bubble. For example, Wedbush analyst Dan Ives wrote to investors in January that Palantir's "game-changing AIP technology is quickly becoming a key foundational platform for enterprises heading down the AI use case path across verticals," according to media reports.
