So, Palantir Technologies (PLTR 3.82%). A fascinating company, really. It’s had a bit of a wobble today – down around 4% as I write, which in the grand scheme of things isn’t the end of the world, but enough to make a few folks twitch. It’s a bit like discovering your favorite tea cozy has a small, but noticeable, hole. Annoying, but not catastrophic.
The cause of this mild upset? A news report, it seems, linking Palantir to the workings of U.S. Immigration and Customs Enforcement (ICE). Now, ICE is a large organization, a truly sprawling bureaucracy, and one that, let’s just say, doesn’t always enjoy the most glowing press. Turns out, they’ve been using some of Palantir’s tools to sort through tips submitted by the public. It’s a bit like asking a very sophisticated librarian to organize a mountain of postcards – some useful, many utterly baffling.
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But it isn’t just ICE. There’s also been a bit of a broader sell-off in AI-related stocks. It seems investors are starting to wonder if the AI revolution is going to be more of a gentle evolution. Spending is still going up, but there’s a bit of a pause for breath, a moment to consider whether everyone is rushing headlong into something they don’t fully understand. It’s a bit like buying all the ingredients for a complicated soufflé, then realizing you haven’t the foggiest idea how to actually make one.
And let’s talk about valuation. Palantir, shall we say, isn’t cheap. Currently, it’s trading at 350 times earnings. That’s…a lot. Even after the recent dip. Looking ahead to next year, it’s still at 105 times expected earnings. It’s a lofty perch, and one that makes the stock particularly vulnerable to any whiff of bad news. It’s a bit like balancing a stack of very expensive china – impressive, but precarious.
Now, I’m a committed Palantir bull, I confess. I believe in the company’s long-term potential. But investors should proceed with caution. This isn’t a stock for the faint of heart. It requires a strong stomach and a willingness to ride out the bumps. Because in the world of high-tech investing, as in life, things rarely go exactly as planned. And sometimes, the most brilliant ideas take a little longer to take flight.
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2026-01-29 23:52