As the stock market weathers a short-term correction, savvy investors can still find promising opportunities for long-term gains.
After a nearly two-and-a-half-year bull run on Wall Street, there are a lot of stocks trading at elevated valuations. Much of the market's run was powered by artificial intelligence (AI) stocks that investors are so bullish about that there's seemingly no valuation high enough to give them pause.
Palantir Technologies (PLTR 0.18%) got off to a red-hot start in 2025 and quickly registered gains of more than 60% in less than two months, hitting a 52-week high on Feb. 18, but it has been retreating rapidly since then.
Palantir Technologies (PLTR 0.18%) made history when it peaked near $125 per share on Feb. 18, achieving an unprecedented valuation of 61 times forward sales. The stock at that point had skyrocketed 625% since January 2024, making it the best-performing member of the S&P 500 (^GSPC 1.59%) during that period by a wide margin.
February wasn't great for the indexes, but it was positive for SwingTrader. The secret was taking profits into strength.
Palantir bucked analysts that questioned its high valuation. With shares tumbling, Palantir stock no longer seems immune to Wall Street ratings.
Palantir Technologies (PLTR -5.08%) is a data analytics company that experienced significant revenue growth due to artificial intelligence (AI). It has been on a tear over the past 12 months, soaring around 270% during that time.
Investors have bailed on Palantir Technologies Inc (NASDAQ: PLTR) in recent days following reports that the Trump administration is considering trimming the US defense budget.
Palantir Technologies Inc. (NYSE: PLTR) has been in the news for several reasons.
When it comes to scorching hot artificial intelligence (AI) stocks, investors need not look much further than the "Magnificent Seven" -- Nvidia, Microsoft, Alphabet, Amazon, Tesla, Meta Platforms, and Apple.
Shares of Palantir Technologies (PLTR 1.67%) are up 280% in the past year. Although an impressive run-up, it is still nearly 30% lower than its three-year high of $125 on February 18.
Nvidia's solid quarterly earnings, which just about topped Wall Street's expectations, could help shore up confidence in the AI trade.