Cathie Wood Is Buying the Palantir Stock Dip. Should You?

AI and data analytics platform Palantir (PLTR) is not merely a retail investor favorite. It has fans across the entire investing fraternity, with even President Trump lauding the Alex Karp-led company for its capabilities. Now, after Michael Burry's onslaught about how the company may struggle to stay relevant in an enterprise AI world, where he reckons that Anthropic will pose serious competition, old backer Cathie Wood has come to weigh in again for the company.

Buying shares worth $11 million across her stable of Ark funds, Wood has come up with another ringing endorsement for Palantir. Dispelling fears of an AI bubble, the maverick fund manager in a blog post in January had said, “What once was the cap in spending seems to have become a floor now that the AI, robotics, energy storage, blockchain technology, and multiomics sequencing platforms are ready for prime time. After the tech and telecom bubble of the nineties, a 20-year peaking process around $70 billion has given way to what could become the most powerful capital spending cycle in history... In our view, an AI bubble is years away!”