Palantir Technologies Is Down 27% From Its All-Time High. Is It Still in a Bubble?
Palantir (NASDAQ: PLTR) stock appeared to be in a bubble at the start of the year. Investors' expectations were incredibly high, and the valuation looked inflated. Following the hefty sell-off that hit most artificial intelligence (AI) stocks, however, Palantir is down 27% from its all-time high. Some investors may see this decline as a sign the stock may be ready to roar again. However, even an ideal outlook hints that there could be more pain ahead.Palantir has become one of the hottest AI stocks on Wall Street. Its data analytics software has been around for a long time and was originally catered to government agencies. But in recent years, Palantir has expanded rapidly into the private sector.Continue reading
Palantir (NASDAQ: PLTR) stock appeared to be in a bubble at the start of the year. Investors' expectations were incredibly high, and the valuation looked inflated. Following the hefty sell-off that hit most artificial intelligence (AI) stocks, however, Palantir is down 27% from its all-time high.
Some investors may see this decline as a sign the stock may be ready to roar again. However, even an ideal outlook hints that there could be more pain ahead.
Palantir has become one of the hottest AI stocks on Wall Street. Its data analytics software has been around for a long time and was originally catered to government agencies. But in recent years, Palantir has expanded rapidly into the private sector.
