Let's analyze the reasons behind the Palantir stocks' current downturn and why it is still a buy now.
Palantir has been one of the most successful and beloved investments for many growth investors over the last few years. And, today, it's no secret why many investors have loved it: its business is experiencing acceleration like we've rarely seen in the growth investing universe. Atop accelerating growth and expanding margins, the stock has been pushed to extraordinary valuation levels.
Palantir Technologies (PLTR -3.62%) fell further on Tuesday, slumping as much as 6.4% and continuing the downward trajectory that began last month. As of 11:35 a.m.
Last year, shares of air mobility company Archer Aviation (ACHR 5.13%) and enterprise software specialist Palantir Technologies (PLTR 1.29%) gained 59% and 340%, respectively -- handily outperforming the returns generated by the S&P 500 and Nasdaq Composite.
Three years after the launch of OpenAI's ChatGPT, the generative AI hype cycle is getting long in the tooth as investors grow impatient with the lack of value being created on the software side of the industry.
Given PLTR's recent stock price decline, it's essential to evaluate its current standing and determine whether this presents a buying opportunity.
As of this writing, Palantir Technologies (PLTR -1.14%) stock has dropped more than 35% from its all-time high.
Joel Hawthorne turns to the A.I. trade in today's Big 3 to explain the promise he sees despite recent pullbacks.
Shares of Palantir Technologies Inc. (NASDAQ: PLTR) slipped -0.53% on Monday during the morning session, as traders took some gains after the stock rallied 13.66% over the past five days.
A Wall Street analyst believes Palantir's (NASDAQ: PLTR) expanding artificial intelligence (AI) ecosystem, marked by major partnerships, could be a key catalyst for the company's stock growth.
Aquiles Larrea still likes Nvidia (NVDA) but says it may be a "slower growth story" now, as he pulls back expectations for the A.I. chipmaker in the near-term.
The shocking price drop Palantir (NASDAQ: PLTR) shares suffered since late February appears to have done little to deter Stephen Cohen, one of the biggest PLTR insider sellers.