Palantir Technologies (PLTR) has been on a wild ride in 2026. Rising defense demand amid the Iran war made the stock soar barely a month ago. However, valuation concerns quickly weighed on the stock. Recently, Cathie Wood, the founder of ARK Invest, made a bold bet that put the spotlight back on Palantir. Wood, known for her high-conviction bets on disruptive innovation, has added roughly $11.15 million worth of Palantir shares to her ETFs, showing renewed confidence in one of the most debated names in the artificial intelligence (AI) space.
Palantir's stock is down about 23% year-to-date (YTD), yet it has still delivered a strong 47% gain over the past 52 weeks. Should investors follow Wood’s lead or stay cautious?
