Why Wall Street’s Love Affair With Palantir Could End In Tears
This collective obsession with AI has led many to consider tech stocks as the equivalent of the pot of gold at the end of the rainbow. Yet, few stocks have attracted as much attention-nay, as much borderline adoration-on Wall Street as Palantir Technologies (PLTR). The company’s stock, having risen over 120% this year alone (as of September 10), has increased by an eye-watering 378% in the last 12 months. The Wall Street crowd, ever the opportunistic bunch, seems positively bewitched.