On March 13, Palantir Technologies Inc. NASDAQ: PLTR announced a partnership with Archer Aviation Inc. NYSE: ACHR to build the artificial intelligence (AI) foundation for Archer's electric vertical take-off and landing (eVTOL) aircraft. Palantir will leverage its Foundry and AIP platforms to accelerate the scaling of Archer's manufacturing facilities in Georgia and Silicon Valley.
The S&P 500's slump into correction territory has been swift, taking just 16 days for the index to fall 10% from its record closing high. But many stocks have had a far greater fall.
Weakened global order spurs higher defense budgets, fueling Palantir's AI-driven security growth. Palantir's synergy across government and commercial sectors underpins robust demand and revenue expansion. Despite near-term volatility and high valuation metrics, PLTR's strategic moat warrants a risk-on Buy.
Palantir CEO Alex Karp discusses the company's A.I. platform and new deal with Archer Aviation on 'Making Money.
Palantir stock has declined amid a selloff in high-valuation software stocks, one analyst argues.
Palantir Technologies (NASDAQ: PLTR) is making a strong recovery, with its stock price closing at $83.65, marking a 7.17% gain on March 12. This rebound follows a sharp decline in February, when Palantir crashed below $100, raising concerns about its long-term trajectory.
Easily one of the top market performers over the past one-year period, big data analytics specialist Palantir Technologies Inc PLTR commands serious respect, gaining almost 235%. However, some kinks are starting to appear in the company's vaunted armor.
Technology stocks witnessed a significant pullback of late, as evidenced by the 13% decline in the Nasdaq-100 Technology Sector index in the past month. Investor sentiment soured due to the trade war sparked by the tariffs announced by the Trump administration on Canada, Mexico, and China, which led those nations to announce retaliatory tariffs on U.S. goods.
Artificial intelligence (AI) has been a hot investment sector, but AI stocks are cooling off as economic uncertainty looms amid President Donald Trump's tariff policies. This presents an opportunity to buy shares in AI companies at a lower price, improving the potential for attractive returns for the long-term investor.
Major U.S. equities indexes were mixed after the latest Consumer Price Inflation (CPI) data revealed a sharper-than-anticipated downtick in inflation in February. However, economists have forecast that U.S. tariff policies could contribute to price pressure over the coming months.
Every so often, a stock captures the imagination of investors like few others can. The company's technology promises to be so innovative, so disruptive, that investors are willing to pay incredible multiples, believing that future returns justify massive current valuations.
Kevin Hincks turns to two tech names that have seen significant pullbacks with general market weakness: Palantir (PLTR) and Alphabet (GOOGL). Palantir has fallen 35% since its February highs but managed to hold $80 as support.