Has Palantir Run Too Hot in the AI Race?
PLTRPalantir Technologies(PLTR) Gurufocus·2024-08-20 21:00

Big data giant Palantir Technologies Inc. (PLTR, Financial) has been on quite the run over the past year. The stock has surged north of 74% year to date, fueled by stellar quarterly results and robust positioning in the artificial intelligence race. While estimates point to superb growth ahead, the positive sentiment might boost the stock in the short term, but downside risks are increasing. Moreover, the stock has gotten remarkably overbought lately, which points to choppiness ahead. In today's digital age ...