Palantir Technologies Inc Stock News

Investment strategist Shay Boloor has identified what he calls the “new Mag 7” of artificial intelligence (AI)- driven companies that are likely to shape the future of the digital economy over the next decade.

Palantir (PLTR -0.22%) has managed to be relatively resilient amid the recent turmoil in the stock market. As of this writing, the stock is up 17% year to date despite pulling back 27% from the all-time high it reached in February.

Palantir Technologies (PLTR -0.22%) went public in September 2020, and shares of the software platforms and data analytics provider have jumped an impressive 714% since then as of this writing, though it is worth noting that almost all of the stock's gains have arrived in the past couple of years following the launch of its artificial intelligence (AI) software platform in April 2023.

The stock market is gearing up for the start of the Q1 2025 earnings season, which begins next week.

By Christopher Gannatti, CFA, Global Head of Research Key Takeaways Palantir Technologies, a U.S.-based AI and data integration company, is becoming essential enterprise infrastructure by embedding its decision-making software deep into operations.

I've consistently highlighted Palantir's extreme valuation risks, but the recent market selloff has brought the stock back to a relatively more reasonable level. The company has met an explosion in demand with an innovative go-to-market strategy, which has caused an inflection in profitability and relevance. Despite previous bearish views, recent market dynamics call for a fresh look at Palanti...

Palantir Technologies (PLTR -0.22%) has not been spared from the recent stock market crash, with the stock trading down roughly 29% from its highs as of this writing. As an investment, the stock remains a bit controversial given its high valuation, but it also has one of the best potential long-term opportunities of any stock in the market.

Believe it or not, we just completed a good week for the U.S. stock market. The S&P 500 rose 5.7% through Friday's close from a week earlier, with three-quarters of component stocks showing gains.