Artificial Intelligence Juggernaut Palantir Is Down 32%. Is It Time to Buy the Dip in the Stock?

Is the party finally over for the shares of Palantir Technologies (NASDAQ: PLTR)? It took just over two years for the stock to rise from the $6 per share range to the all-time closing high of $124.62 per share. Still, within less than a month, it has surrendered 32% of its value.Admittedly, most of the run-up occurred over the previous four months, which may add to the uncertainty about its price. Hence, the question for investors is whether the 32% decline is a natural pullback after a rapid increase, or is it just the beginning of a longer-term decline to come.Before Palantir launched its IPO in 2020, its AI-driven analysis technology earned credit for helping U.S. intelligence agencies find Osama bin Laden. Also, noting the relatively limited client base on the government side of the business with its Gotham platform, the company created the Foundry platform to bring this technology to commercial customers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool