PLTR - Palantir Is Seeing Unprecedented Artificial Intelligence (AI) Demand. Why Is the Stock Down?
2024-05-16 07:30:00 ET
Sometimes, it doesn't seem to matter what a company does in a quarter: The stock still gets sold off after its report. That's where Palantir (NYSE: PLTR) found itself. After investors pushed the stock higher in advance of its May 6 earnings report, Palantir stock dropped 15% after the company reported earnings. Even after a small recovery, Palantir is down 8% from its pre-earnings price.
So, is this a buying opportunity?
Palantir is well recognized as a leader in artificial intelligence (AI), as it has a relatively long history with the technology. With the new wave of AI focused on generative AI , Palantir has also left its mark.
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Palantir Is Seeing Unprecedented Artificial Intelligence (AI) Demand. Why Is the Stock Down?