Artificial intelligence (AI) stocks haven't fared well over the past few weeks. Many of the most prominent AI stocks tumbled, which may lead many investors to wonder if now is a great time to scoop up some of these dominant companies.
It's been a weird year for Palantir Technologies (PLTR -10.73%) stock so far. Two months into 2025, Palantir shares gained nearly 7%.
Shares of Palantir Technologies (PLTR -10.73%) have had an incredible run the past few years. The stock has rocketed more than 1,000% since 2022, bringing its market cap (share price times total shares outstanding) to $195 billion at the time of writing.
Palantir Technologies (PLTR) is facing significant challenges, with its shares dropping 30% from their 52-week high in February. This decline reflects a larger trend in the market, particularly impacting stocks tied to the so-called Trump Trade.
Palantir may benefit from the Department of Government Efficiency bringing forth spending inefficiencies across government agencies, potentially driving stronger investment is Palantir's AI platforms. Palantir may also benefit from the reshoring of manufacturing operations with its Warp Speed offering and usher in Industry 4.0. I believe PLTR shares may have overshot their intrinsic value in the recent sell-off following the suggestion of reallocation of spending at the DoD.
Palantir stock (NASDAQ: PLTR) has experienced a lot of volatility in 2025 thus far.
For several years, Palantir Technologies (PLTR 6.79%) seemed invincible. The stock rallied as much as 1,250% over the past two years before gravity took hold.
Investors in Palantir Technologies (PLTR 6.79%) have been on a roller-coaster ride lately as shares in the data analytics company have retreated by a whopping 32% from an all-time high of $124.6 reached last month.
Palantir (PLTR 5.54%) stock rose nearly 7% in Wednesday's trading.
Palantir Technologies (PLTR 6.03%) stock charged higher on Wednesday, climbing as much as 6.8%. As of 3:21 p.m.
Palantir (PLTR) has fallen more than 30% off its all-time high in February but still holds an enormous 260% year-over-year rally. As Kevin Green notes, the stock maintaining $80 shows signs of technical support.
George Tsilis highlights Palantir (PLTR) following an upgrade from William Blair. He looks at the company's current contractual obligations with the U.S. government as well as potential growth catalysts in other areas of the economy.