Wall Street analysts claimed that investors should reconsider their holdings in Palantir Technologies and Super Micro Computer due to potential significant drops in stock prices. Palantir could see a 62% plunge,
Palantir Technologies (NASDAQ:PLTR) has been one of the most richly-valued stocks in the stock market. The stock delivered explosive returns in the past year and some believed it was on course to be a $1 trillion company,
Catalysts have been abundant, with everything from excitement surrounding stock splits in influential businesses to Donald Trump's return to the White House fueling gains. But standing atop the pedestal of catalysts is the rise of artificial intelligence (AI).
Planned cuts to defense spending sparked a sell-off for Palantir stock that has continued into this week. Shares have tumbled after touching records.
Palantir Technologies continues to surge, fueled by its AI platform, and saw its stock rise by 49%. Analysts, particularly Dan Ives from Wedbush Securities, predict Palantir could reach a $1 trillion market cap in two to three years.
CEO Alex Karp has moved to sell $1.2 billion worth of the data analytics company’s stock. Discover the Best Stocks
helped to make Palantir Technologies the hottest AI stock. Yet, as of the closing bell on Feb. 10, only one Wall Street analysts' price target -- $125 per share from Bank of America Securities ...