Reported 15 days ago
In a recent article, the author reveals the reasons for selling all of his Palantir stock before the earnings announcement in November 2024. Despite previously believing in Palantir's potential due to its AI-driven productivity gains, the author decided the stock was overvalued with a high forward P/E ratio and questionable future growth prospects. Reflecting on past investment mistakes, he remains bullish in the long term but prefers to stay on the sidelines until valuations become more reasonable.
Source: YAHOO