Palantir (PLTR), that darling of the artificial intelligence (AI) world, has found itself in rather ungracious company this Wednesday, taking yet another spectacular tumble in the stock market. By 11:15 a.m. ET, the stock was down 7%, and had flirted with a 9.8% drop earlier in the day. One can’t help but wonder if it’s become something of a regular feature at the bottom of the charts-how dreadfully passé.
The culprit, one could surmise, was a rather dismal earnings report from Home Depot-not the most exciting of reads, but one with grave implications nonetheless. The retailer’s announcement of price hikes, the inevitable result of inflationary pressures tied to tariffs, set the stage for a rather sombre performance in the markets. And now, with Target‘s earnings revealing similar struggles, it seems as if Palantir’s stocks have been swept into this morose current of economic unease.
If that weren’t enough to unnerve investors, the Massachusetts Institute of Technology (MIT)-for those who enjoy a bit of unflattering academic scrutiny-has published a report suggesting that companies investing in AI are largely coming up short. Palantir’s once dazzling prospects are now weighed down by a gloomy market atmosphere, combined with an uptick in skepticism regarding the much-vaunted AI revolution. To be clear, the stock remains up 93% for the year-but such a performance might be best described as “coming down with a bump.”
Is Palantir a Buy at This Juncture?
Well, darling, that’s the $64,000 question, isn’t it? If inflation begins to rear its ugly head once more, we can all expect the Federal Reserve to behave in the most uncharacteristically difficult manner, withholding interest rate cuts that growth investors had placed their ill-advised faith in. One does wonder whether they have any other hobby. With Palantir currently priced at a laughable 221 times this year’s expected earnings and 78 times expected sales, the stock is the very epitome of a growth-dependent valuation-an absurdity in an economy where inflation is ready to make its debut once again.
Should the inflation narrative darken further, and should the appetite for lofty AI valuations wane, Palantir could continue its downward slide with the grace of a bulldozer. However, if you have the tolerance for such risk and a time horizon as long as your family’s aristocratic lineage, there is the faintest possibility that the stock could deliver something of note-though one might advise patience, darling. For the moment, it’s prudent to wait for the stock’s inevitable pullback, which may present you with a more favorable entry point.
It’s all so dreadfully tiresome, isn’t it? But such is the nature of the beast that is modern investing. Just remember: in times of market distress, there’s always a cocktail waiting somewhere to ease the pain. 🥂
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2025-08-20 19:41