Think Palantir Stock Is Too Expensive? 1.28 Billion Reasons That Might Change Your Mind
Palantir stock was just awarded a massive deal from the Department of Defense.
The stock market has been overwhelmed by uncertainty so far this year. Ongoing negotiations related to President Donald Trump's tariffs, mixed economic data, and the potential for Fed rate cuts have investors both curious and anxious. With so many unknowns surrounding the macroeconomic picture, it's no wonder the momentum that fueled the S&P 500 and Nasdaq Composite indexes for the last couple of years has come to a halt.
Despite all of the uncertainty surrounding the capital markets, some stocks continue to rack up gains in 2025. One of the year's most notable winners is Palantir Technologies (NASDAQ: PLTR), which has climbed 77% as of this writing, making it the top-performing stock in the Nasdaq-100 and S&P 500.
While Palantir's epic rally continues, some prominent investors on Wall Street have been dumping the stock -- likely due to valuation concerns.
