Palantir delivered solid earnings in both its earnings reports during the first half. However, its valuation is now very high.
Palantir's sales growth is stabilizing and its profits are rising. But it's priced for perfection and can't afford to make any mistakes.
The Starlab coalition building a replacement for the International Space Station includes Northrop Grumman, Hilton Hotels, Airbus, Mitsubishi, and MDA Space. Last month, Starlab added Palantir Technologies to this list.
Palantir stock might have soared this year, but the business is just starting.
As we enter the back half of 2024, I believe it's time for a reality check. While the software rally has been fun, not all of these high-flying software stocks can justify their nosebleed valuations.
Nvidia has delivered huge growth amid AI chip dominance and unprecedented demand. Palantir's new generative AI module has produced massive productivity gains for its customers.
U.S. equities have continued their incredible rally in 2024. Last year, despite major swings in performance, Nasdaq and the S&P 500 soared 43.2% and 24.2%, respectively.
Palantir Technologies Inc. PLTR hit a new 52-week high of $28.47 during Wednesday's trading session before dipping about 5% to $26.95 at last check.
Cathie Wood's flagship ARK Innovation exchange-traded fund is 72% below its peak while the S&P 500 is hitting all-time highs.
Palantir (NYSE: PLTR) is one of the companies whose stock has heavily benefited from the ongoing artificial intelligence (AI) revolution, enabling it add over 70% in 2024 alone, with the most recent trading sessions bringing 7.21% in the last five days, and 3.76% as of the latest close.
Palantir stock is up 80% over the past year. The company's AI-enhanced software provides real-world value to its customers.
Palantir Technologies Inc. NYSE: PLTR is up 68% through the first half of 2024. That makes it not only one of the best technology stocks of the year but also one of the best-performing stocks in the market period.