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.
Memories can become short when markets get turbulent. Palantir Technologies (PLTR 5.57%) was at an all-time high less than a month ago, but has quickly tumbled approximately 30% since its peak as the broader Nasdaq Composite has entered a correction.
Palantir stock (NASDAQ: PLTR) crashed below the critical $100 support level on February 24.
Palantir Technologies Inc PLTR has been on a wild ride – up 215.99% over the past year, but down 33.51% in just the last month. The stock is now stuck below its key moving averages, flashing strong bearish signals.