Why Palantir Stock Bounced Back Today
Palantir stock looks expensive, yes, but given its growth rate, is it really overpriced?
Overview
Defense and artificial intelligence stock Palantir Technologies (NASDAQ: PLTR) soared 9.1% through 10:10 a.m. ET Thursday on no obvious good news. Rather, investors appear to be reevaluating precisely how bad yesterday's news was -- and deciding it wasn't nearly as bad as it appeared.
Image source: Palantir.
Shares of Palantir tumbled nearly 6% yesterday after tech giant Alphabet (NASDAQ: GOOG) (Nasdaq: GOOGL announced it will make its specialized "Gemini 3.8 Flash Cyber" AI model available exclusively to government buyers through a new initiative called the "Fairwind Program."
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.