Palantir, AI
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Wall Street, Palantir Technologies and NVIDIA
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In recent days, Palantir's stock has been showing signs of slowing down. After hitting a new all-time high of $190 on Aug. 12, it has proceeded to trade lower. By Monday, the AI stock would close at just over $174 -- down 8% from its recent high.
Palantir's price-to-sales ratio of 114 is way above OpenAI's 17. Palantir's success in defense work could block access to growth as enterprise AI payoff remains elusive
The S&P 500's best stock this year is fighting back, as it looks set to avoid suffering its worst stretch in 2 1/2-years. Palantir's stock was rallying 1.1% in recen
The sudden reversal shows how the hottest AI trade and top-performing stock of the year is colliding with a broader market rotation out of big tech.
After the growth stock more than doubled this year, it has been cooling off over the past week 10 stocks we like better than Palantir Technologies › Palantir Technologies (NASDAQ: PLTR) shares have been volatile all year,
On Tuesday, the stock, which fell 9.4% to $157.75, filled a gap from the Aug. 4 session, the day before its strong post-earnings reaction, which sent shares up 8%. Since then the stock has pulled back sharply, now trading 16% below its 52-week high, which was set just last week.
Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter.
Palantir Technologies Inc (NASDAQ:PLTR) shares are trading lower Wednesday as the stock continues to pull back following a strong run in recent weeks. Here's what you need to know.
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Investor's Business Daily on MSNStock Market Today: Dow Sinks As S&P 500 Extends Losing Streak; Palantir, Nvidia Make Opposite Moves (Live Coverage)
The major indexes close the day with losses on Thursday after wavering earlier in the session. Palantir stock adds suspense.