Nearly Every Wall Street Analyst Expects Palantir Stock to Decline -- Are They Right?
Is the honeymoon over for Wall Street's hottest AI stock?
For the better part of the last two-plus years, the bulls have been in control on Wall Street. The mature stock-fueled Dow Jones Industrial Average, broad-based S&P 500, and growth-focused Nasdaq Composite have all reached numerous record-closing highs.
Though the return of Donald Trump to the White House has lit a fire under Wall Street in recent months -- the Dow Jones, S&P 500, and Nasdaq skyrocketed by 57%, 70%, and 142%, respectively, during his first term -- there's little question that the stock market's biggest catalyst has been the evolution of artificial intelligence (AI).
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