This Tech Stock Has Outperformed the Nasdaq 3 Years Running, but Is Down 25% in 2026. Is Now the Time to Buy?
Key takeaways
- However, 2026 has not been as kind to the stock, as it s down more than 25% as of May 13.
- The stock s performance, though, is certainly not reflective of how the company has been performing operationally.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
Geoffrey Seiler, The Motley Fool Fri, May 15, 2026 at 11:20 PM GMT+7 3 min read PLTR ^IXIC NVDA INTC Over the prior three years, Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks, with triple-digit gains in 2023 (167%), 2024 (340%), and 2025 (135%). However, 2026 has not been as kind to the stock, as it s down more than 25% as of May 13.
The stock s performance, though, is certainly not reflective of how the company has been performing operationally. Instead, it is more a result of the company getting caught up in the software-as-a-service (SaaS) stock sell-off and a high valuation. From an operational standpoint, Palantir continues to hit it out of the park.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »