What's Going On With Palantir Stock?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) shares have been volatile after trending lower over the past week. The company held its AIPCon last week, showcasing its Artificial Intelligence Platform (AIP) and announcing new partnerships. Despite a 3% fall since the event, Palantir shares are up more than 135% year-to-date. The recent pullback is likely due to a broader cooldown in AI-related stocks.
September 20, 2023 | 4:33 pm
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NEUTRAL IMPACT
Palantir's stock has been volatile, likely due to a broader cooldown in AI-related stocks. Despite this, the stock is up more than 135% YTD.
The volatility in Palantir's stock is likely due to a broader cooldown in AI-related stocks. Despite this, the stock has performed well this year, with a YTD increase of over 135%. The company's recent partnerships and the showcasing of its AIP at AIPCon could potentially influence the stock's performance in the future.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100