Prediction: Palantir Stock Is Going to Soar After Nov. 3
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Palantir Technologies (NASDAQ: PLTR) is having another terrific year following the remarkable gains it delivered in 2024, but the stock has faced some volatility of late thanks to a couple of factors.Palantir stock dipped last month on news of potential tariffs on semiconductors, a move that could have an impact on the artificial intelligence (AI) software specialist's margin profile since it would have to pay more for the AI inference applications it delivers. And then, Reuters reported an internal memo from the U.S. Army regarding flaws in the battlefield communications network that Palantir is developing.The contents of the memo were enough to spark fear among investors, especially considering Palantir cannot make any mistakes, given its expensive valuation. After all, Palantir stock is priced beyond perfection, and the company needs to ensure that it can continue to deliver an acceleration in its growth quarter after quarter to sustain its red-hot rally.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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