Cathie Wood is known for choosing innovators early in their stories and holding them for the long term. As founder and chief executive officer of Ark Invest, she doesn't mind going against the crowd and buying a stock Wall Street advises selling, or ignoring a favorite of the general market.
Palantir Technologies (PLTR 1.43%) went public in September 2020, and shares of the company that made its name by providing analytics and software platforms to federal government agencies have shot up a remarkable 608% since then as of this writing.
After a meteoric rise in 2024, fueled by its focus on the booming artificial intelligence (AI) sector, Palantir's (NASDAQ: PLTR) share price has faced a rough start to 2025 amid concerns of an accelerated slump.
Palantir Technologies (PLTR -3.39%) has been one of the hottest stocks in the artificial intelligence (AI) space. The company's early leadership position in AI software systems for businesses and government agencies has helped it post impressive business performance translating into stellar stock returns.
The analyst team at Jefferies rates the software company at Underperform with a target for the price of $28.
Artificial intelligence stocks benefited from investor fervor over the technology. Two hot stocks in this sector are Palantir Technologies (PLTR -3.39%) and SoundHound AI (SOUN -9.01%).
BigBear.ai NYSE: BBAI is a small stock looking to establish itself as the next big thing in the world of artificial intelligence. The company finds similarities to one of the market's AI darlings, Palantir Technologies NASDAQ: PLTR.
Agentic AI is coming in 2025. In the first few days of the year, AI agents became a popular investing theme, representing the next iteration of artificial intelligence (AI) applications.
Palantir (NASDAQ: PLTR) finds itself at a critical juncture as Jefferies analyst Brent Thill reiterated his ‘Underperform' rating, maintaining a $28 price target for the stock on January 13.
S&P 500 slides 0.6% as Palantir drops 4% and Moderna tumbles 23%. Rising Treasury yields and upcoming CPI data keep traders on edge.
Rising bond yields and tech stock losses pressure S&P500 and Nasdaq 100 futures today. Nvidia, Palantir, and Tesla lead declines as inflation data looms.
The big stocks in the tech sector of the United States are all on the back foot in premarket trading, as fears of interest rates rising even further, and the restrictions on Nvidia exporting AI chips to certain countries will continue to cause problems.