Palantir's (NYSE: PLTR) 2024 rally, which has seen the stock surge over 260% year-to-date, is likely to have a catastrophic end, according to an expert's outlook.
Thus far, 2024 has been the year of AI — and although stock market darling and semiconductor leader Nvidia (NASDAQ: NVDA) has been the most publicized winner of this new industry's rapid rise, big data analytics company Palantir (NYSE: PLTR) could secure better yearly returns.
Palantir's robust FQ3'24 performance and raised FY2024 guidance further underscore its growing moat in the US government along with increased mindshare in the commercial sector. The stock's outperformance continues to demonstrate an impressive bullish support from its investors, as it charted new heights beyond historical levels. PLTR is no longer trading within reasonable valuations/ fundament...
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