Palantir Stock Is Down 37% From Its Peak: Here's What Could Happen Next
At the time of writing, Palantir's (NASDAQ: PLTR) stock price is down 37% from an all-time high of roughly $125 reached on Feb. 18. This is an alarming turn of events for a Wall Street darling that has benefited from two big hype cycles: generative AI and the election of Donald Trump. Let's dig deeper to find out if this dip is a buying opportunity or a signal to stay far away from an increasingly volatile tech stock.Since hitting public markets through an initial public offering (IPO) in October 2020, Palantir has always enjoyed a bit of a cult following. For years, the CIA-funded start-up made a name for itself by helping government and military clients with big data analytics -- playing a crucial role in the War on Terror when the company helped the U.S. track down Osama Bin Laden in 2011.Continue reading
At the time of writing, Palantir's (NASDAQ: PLTR) stock price is down 37% from an all-time high of roughly $125 reached on Feb. 18. This is an alarming turn of events for a Wall Street darling that has benefited from two big hype cycles: generative AI and the election of Donald Trump.
Let's dig deeper to find out if this dip is a buying opportunity or a signal to stay far away from an increasingly volatile tech stock.
Since hitting public markets through an initial public offering (IPO) in October 2020, Palantir has always enjoyed a bit of a cult following. For years, the CIA-funded start-up made a name for itself by helping government and military clients with big data analytics -- playing a crucial role in the War on Terror when the company helped the U.S. track down Osama Bin Laden in 2011.
