Palantir Technologies Inc Stock News

Palantir (PLTR 8.01%) stock investors are curious about why the stock price fell after the company reported excellent results.

The S&P 500 (^GSPC 0.58%) has tumbled 4% year to date as President Trump's unorthodox trade policies have sown economic uncertainty. Companies are still spending money on artificial intelligence, but certain Wall Street recommend selling Palantir Technologies (PLTR 8.01%) and Upstart Holdings (UPST 3.23%), as detailed below:

Data analytics and artificial intelligence software firm Palantir joined the top 10 largest U.S. technology companies by market cap on Thursday. The stock rose about 8%, lifting the company's valuation to $281 billion, surpassing Salesforce, which is 10 times bigger in terms of revenue.

Palantir stock is approaching a buy point and all-time high after selling off on earnings.

After reporting Q1 earnings on May 5, shares of Palantir Technologies (NASDAQ:PLTR) sold-off despite beating Wall Street's estimates on the top and bottom lines and raising its full-year forecast.

Shares of Palantir Technologies (PLTR 8.35%) are surging on Thursday. The artificial intelligence (AI)-powered data analytics company's stock gained 8.1% as of 1 p.m.

Palantir's Q1 earnings sparkled, but the guidance was below expectations. For an expensive growth stock, no room for disappointment. PLTR investors who bought at the recent highs could be in for a reckoning. This week's selloff may not be over yet. Palantir's evolution into the preeminent AI platform company has credence and is validated. However, its valuation has arguably reached unreasonable...

One of the biggest hurdles for investors interested in buying Palantir Technologies (PLTR 2.05%) stock has been its high valuation. But it can overcome this by continuing to accelerate its revenue growth and grow into that valuation.