Is Palantir Stock Ripe for a Rebound?
Key takeaways
- PLTR NVDA Palantir Technologies (NASDAQ: PLTR) was among the biggest early winners of the artificial intelligence (AI) boom.
- But recent times haven t been as easy for Palantir, at least from a stock performance perspective.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
PLTR NVDA Palantir Technologies (NASDAQ: PLTR) was among the biggest early winners of the artificial intelligence (AI) boom. Customers rushed to the company for its AI-driven software platform, and this helped supercharge Palantir s revenue growth. Investors rewarded this performance by piling into the stock, and that pushed it to a gain of more than 700% over three years.
But recent times haven t been as easy for Palantir, at least from a stock performance perspective. While earnings growth and demand remain strong, the stock price hasn t followed. Instead, Palantir has fallen, heading for a loss of 26% so far this year.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »