Reported 3 days ago
Palantir Technologies, a prominent AI stock, saw its shares drop nearly 40% from their February high of $125, largely due to concerns over defense budget cuts and recession risks. Despite past recoveries from significant declines, like the 85% drop during the pandemic, investors should remain cautious given the company's inflated valuation of 72 times sales, significantly higher than its historical average. With impressive growth and market positioning, Palantir remains an excellent business, but the current stock price may not be a favorable entry point for new investors.
Source: YAHOO