Is Palantir Stock a Buy After Falling Sharply on Friday?

Palantir Technologies (NASDAQ: PLTR), a leading artificial intelligence (AI) data platform specialist, saw its shares fall about 7.5% on Friday. A Reuters report said an internal U.S. Army memo warned that a next-generation battlefield communications prototype -- built by Anduril, Palantir, and other partners -- had "fundamental security" issues. The disclosure sent Palantir's shares sharply lower.Palantir and Anduril both pushed back quickly. A spokesperson from Anduril said in a statement provided to Reuters that any concerns were already addressed and that the memo did not reflect "the current state of the program." And a Palantir spokesperson went further, telling Reuters that there were "no vulnerabilities found in the Palantir platform."Even if the stock recovers early next week as investors digest Palantir's statement to Reuters about there not being any issues with its platform, the extreme market reaction is, in and of itself, informative: When expectations are sky-high, even a whiff of product risk can hit the stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool