Why Palantir Technologies Stock Rallied on Wednesday
Wall Street is becoming more bullish after the recent sell-off.
Palantir Technologies (NASDAQ: PLTR) stock charged higher on Wednesday, climbing as much as 6.8%. As of 3:21 p.m. ET, the stock was still up 6%.
The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was a little love from Wall Street.
Palantir had been on fire, climbing as much as 1,250% during the preceding two years before it reached its zenith last month. Since then, the stock has taken it on the chin, falling as much as 32%. And therein lies the opportunity.
