Reported 7 days ago
Palantir's stock has experienced a remarkable rise of about 275% following the company's strong third-quarter earnings, but investors may want to be cautious. With significant growth driven by demand for its AI products, including a 30% year-over-year revenue increase, Palantir's current high valuation may already reflect future growth, making it potentially overvalued compared to industry leader Nvidia, which has a higher growth rate. Given these factors, analysts suggest reconsidering investments in Palantir stock.
Source: YAHOO