Palantir Stock Is Down 37% From Its Peak: Here's What Could Happen Next

At the time of writing, Palantir's (NASDAQ: PLTR) stock price is down 37% from an all-time high of roughly $125 reached on Feb. 18. This is an alarming turn of events for a Wall Street darling that has benefited from two big hype cycles: generative AI and the election of Donald Trump. Let's dig deeper to find out if this dip is a buying opportunity or a signal to stay far away from an increasingly volatile tech stock.Since hitting public markets through an initial public offering (IPO) in October 2020, Palantir has always enjoyed a bit of a cult following. For years, the CIA-funded start-up made a name for itself by helping government and military clients with big data analytics -- playing a crucial role in the War on Terror when the company helped the U.S. track down Osama Bin Laden in 2011.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool