While big data analytics specialist Palantir Technologies Inc (NASDAQ:PLTR) has ranked among the top publicly traded assets this year, the market is a cruelly non-linear and non-ergodic environment. In other words, it's unwise to assume a perfectly stable relationship between relevance and demand. Sure, Palantir's overall fundamentals look strong — especially judging by its string of earnings beats. However, amid the upward path of PLTR stock lie volatile shocks that can easily disrupt ascendant forecasts.
Of course, much of the concern that centers on Palantir right now is that the latest rumblings may not be mere corrective behavior. Instead, several investors have voiced concerns about a bubble brewing in artificial intelligence and other leading innovations. It's gotten to the point where experts like Wedbush analyst Dan Ives have pushed back against the doom-and-gloom narrative.
