Reported 3 days ago
Palantir Technologies has made headlines with its strong stock performance and transition from the New York Stock Exchange to Nasdaq, where it may join the Nasdaq 100 index. This move could attract more investment and bolster its stock price, given its impressive market cap of over $145 billion. However, concerns linger over its high valuation, trading at 58 times revenue, which may deter some investors or even invite short-selling. Overall, while the move presents a potential catalyst for growth, investors are warned to consider caution due to the stock's speculative nature.
Source: YAHOO