Reported 1 day ago
Palantir Technologies, known for its AI solutions, has seen its stock rise 345% this year, largely due to positive financial results. With the anticipated announcement of its inclusion in the Nasdaq-100 index on December 13, further stock price increases could follow, as historically, stocks added to the index have appreciated by an average of 17% over the next year. However, concerns linger regarding the sustainability of Palantir's current high valuation, which analysts deem excessive, with forecasts suggesting significant downturn risks in the future.
Source: YAHOO