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Business
Chris Markoch

Palantir's Critics Are "Right"—But They're Also Still Wrong

Palantir PLTR MarketBeat

Palantir Technologies (NASDAQ: PLTR) is down just over 10% since its May 4 earnings report as of the May 13 close. The earnings report was exceptional on every level, but it wasn’t enough to convince the company’s skeptics to push the buy button.

In fairness, there’s a lot of noise surrounding Palantir that has nothing to do with the earnings report. The stock initially dropped on concerns over the impact artificial intelligence (AI) would have on software stocks.

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