PLTR - Palantir Might Be a Great Stock But I'm Not Buying It Now. Here's Why
2024-07-10 05:52:00 ET
The artificial intelligence (AI) industry is on fire in 2024, sending AI-related tech companies to the stratosphere. Nvidia, Microsoft, and Alphabet are some of the apparent winners.
Similarly, Palantir (NYSE: PLTR) , a leading AI software company, has seen massive interest from customers and investors alike. The revenue growth rate improved in recent quarters, while the stock price increased by more than 56% in the first half of 2024.
While Palantir's prospects look bright, I can't convince myself to buy the stock -- at least, not until I become more comfortable with some of its major risks.
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Palantir Might Be a Great Stock, But I'm Not Buying It Now. Here's Why