Why Palantir shares trade higher than today
Stocks of AI decision-making companies Palantir Technologies (NASDAQ: PLTR) As of 11:27pm today, it is trading about 7.4% higher. There was no clear, corporate-specific reason behind the move, but stocks appeared to be rallying along with a wider market in hopes of a respite from. Customs.
After the market was crushed between Thursday and Monday, investors are taking a break today at a wider market rallies in hopes that President Donald Trump and his administration will attack trade deals with other countries and avoid implementing the sudden tariffs announced last week. No stock from autumn.
Compared to many other stocks, Palantir lifted its stock price very well this year, increasing its price by 12%. Stocks are still trading at an empty valuation, allowing Palantir to shake up concerns about US Department of Defense budget spending cuts.
Still, the Trump administration seems to be cooperative. An innovative AI company. In a fact sheet issued yesterday, the White House said, “Administrative agencies are moving towards a mindset of progress, pro- and professional competition. Agents will be able to help AI leaders remove barriers to AI innovation.”
Palantir’s stock has still declined since late February, but this year has proven to be significantly resilient, facing many challenges that began before Trump’s tariff announcement. This happened while Palantir was trading at 139x advance revenue. It’s a bit richer for my taste, but for some, it might be an opportunity to dip view. If you decide to buy, prepare to make your inventory unstable and take a long-term approach.
Consider this before purchasing stocks at Palantir Technologies.
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