Reported 2 days ago
Palantir Technologies has experienced staggering growth, particularly in the government sector, and is thriving amid the AI boom. With a current valuation of around $320 billion, many speculate whether it can reach a $1 trillion market cap by 2035. While the company is witnessing substantial increases in both government and commercial revenues, concerns about its stock being overvalued persist, especially given its soaring price compared to revenue growth. Investors are advised to be cautious due to high expectations already reflected in its stock price.
Source: YAHOO