Palantir Jumped Today. Is the Artificial Intelligence (AI) Stock a Buy
Palantir (NASDAQ: PLTR) stock rose nearly 7% in Wednesday's trading. The artificial intelligence (AI) software leader's share price was climbing following news that new 25% tariffs on automobiles imported from Mexico and Canada will be delayed a month. The tariffs could cause major pricing increases on vehicles in the U.S., and were viewed by some economists and industry experts as potentially having a destabilizing impact on the auto market.While the auto news doesn't impact Palantir directly, it was having an impact on valuations across the broader market as investors are showing signs of relief that one of the most potentially impactful developments from new tariff policies is being pushed further out and may get resolved before going into effect. Continue reading
Palantir (NASDAQ: PLTR) stock rose nearly 7% in Wednesday's trading.
The artificial intelligence (AI) software leader's share price was climbing following news that new 25% tariffs on automobiles imported from Mexico and Canada will be delayed a month. The tariffs could cause major pricing increases on vehicles in the U.S., and were viewed by some economists and industry experts as potentially having a destabilizing impact on the auto market.
While the auto news doesn't impact Palantir directly, it was having an impact on valuations across the broader market as investors are showing signs of relief that one of the most potentially impactful developments from new tariff policies is being pushed further out and may get resolved before going into effect.
