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Stock impact report

Palantir Stock Drops 17% From Its High. Wall Street Has Best- and Worst-Case Scenarios for What Happens Next. [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
Wall Street bulls argue Palantir stock is worth owning despite the valuation because the company's leadership in AI platforms has led to sensational financial results. Wall Street bears argue Palantir stock should be avoided despite strong fundamentals because it's one of the most expensive software stocks in history. 10 stocks we like better than Palantir Technologies › Palantir Technologies (NASDAQ: PLTR) stock has advanced 1,880% since the introduction of ChatGPT in late 2022, an event that jump-started the artificial intelligence (AI) boom. But the stock has also fallen 17% from its high because of valuation concerns and a recent rotation away from software stocks. Bulls argue the company provides indispensable analytics and artificial intelligence tools that help commercial enterprises and government agencies make data-driven decisions. Bears argue shares trade at an absurdly expensive valuation because hype (rather than strong fundamentals) has been the primary catalyst Show less Read more
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