Palantir Stock Sell-Off: Is Now the Time to Buy the Dip?
Artificial intelligence (AI) stocks haven't fared well over the past few weeks. Many of the most prominent AI stocks tumbled, which may lead many investors to wonder if now is a great time to scoop up some of these dominant companies.Palantir Technologies (NASDAQ: PLTR) hasn't escaped this rout, and its stock has fallen over 35% from its all-time high. That's a significant drop, but is the dip worth buying?Palantir has become one of the most popular AI stock picks due to its top-notch data analytics software. Originally, its software was intended for government use. It took several data inputs, processed them, and then gave those with decision-making authority the best real-time information possible. This use case eventually expanded to the commercial side, although government revenue still makes up the majority of Palantir's total revenue.Continue reading
Artificial intelligence (AI) stocks haven't fared well over the past few weeks. Many of the most prominent AI stocks tumbled, which may lead many investors to wonder if now is a great time to scoop up some of these dominant companies.
Palantir Technologies (NASDAQ: PLTR) hasn't escaped this rout, and its stock has fallen over 35% from its all-time high. That's a significant drop, but is the dip worth buying?
Palantir has become one of the most popular AI stock picks due to its top-notch data analytics software. Originally, its software was intended for government use. It took several data inputs, processed them, and then gave those with decision-making authority the best real-time information possible. This use case eventually expanded to the commercial side, although government revenue still makes up the majority of Palantir's total revenue.
