Larry Tentarelli says he "wouldn't go all in on anything just yet," noting the SPX and NDX breaking their 200-day SMA as bearish for both indices. He believes the Trump administration's April 2nd deadline on tariff announcements could usher in a bull run.
Palantir (NASDAQ: PLTR) stock remains a standout success story in the ongoing artificial intelligence (AI) rally, but a section of Wall Street remains unconvinced of its long-term sustainability.
Palantir Technologies (PLTR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The S&P 500 (^GSPC 1.76%) is the most widely recognized benchmark of the U.S. stock market, made up of the 500 largest companies in the country. Given the scope of its member companies, it is considered by many as the most dependable gauge of overall stock market performance.
Many technology stocks enjoyed impressive gains in the last year or so. Two such stocks are Palantir Technologies (PLTR 6.43%) and Reddit (RDDT 8.03%).
From its launch in late 2020 to March 24, 2025, Palantir Technologies (PLTR 6.43%) stock has returned an impressive 952%. That means that if you invested $10,000 at its IPO, you would now have a whopping $105,200.
Palantir's new revenue driver, AIP, and rising AI demand have significantly boosted growth, breaking down previous bearish theses and leading to a neutral stance. Palantir's Q4 2024 earnings showed a 36% YoY sales increase, with U.S. commercial revenue surging 64%, and a record 45% operating income margin. Despite strong growth and a unique AI-driven business model, Palantir's current valuation appears overextended, pricing in excessive future market share assumptions.
TheStreet Pro's Chris Versace explains. Transcript: Chris Versace: Many times I get asked the question, you know, Chris, across the array of stocks that you have in the portfolio.
Palantir Technologies (PLTR 5.63%) stock charged higher on Monday, climbing as much as 7.1%. As of 2:03 p.m.
Palantir (PLTR) shares jumped Monday amid a broader rally among tech stocks to open the week.
Shares of Palantir Technologies Inc. (NASDAQ: PLTR) gained 5.29% through midday trading on Monday, capping a strong five-day run that has sene the stock price increase by 11.87%.
Palantir (PLTR 4.97%) stock appeared to be in a bubble at the start of the year. Investors' expectations were incredibly high, and the valuation looked inflated.