Prediction: Palantir Stock Is Going to Plunge on Aug. 4
No earnings beat may be sufficient to prop up Palantir's shares this earnings season.
Overview
Over the last four years, no trend has been more impactful on Wall Street than the evolution of artificial intelligence (AI). This multitrillion-dollar addressable opportunity has sent AI infrastructure and applications stocks to the heavens.
But a strong case can be made that Nvidia isn't the face of the AI revolution any longer. Rather, that honor now falls to AI-driven software-as-a-service (SaaS) provider Palantir Technologies (NASDAQ: PLTR).
Details
Palantir is set to report its second-quarter operating results after the closing bell on Monday, Aug. 3. While CEO Alex Karp's company has made a habit of blowing past Wall Street's consensus sales and profit forecasts, this may not be enough to overcome historical precedent this earnings season.
Source
Originally published at www.fool.com.
Related Articles
- I’m 75 and afraid to let my retirement fund dip below $1 million. Am I being too aggressive?
- South Korea’s chip giants just logged their biggest rally ever. What it means for the global AI trade.
- If Social Security’s funding crisis is the elephant in the room, this is the mouse everyone has overlooked. You have been warned.