Wedbush Says to Push Through the ‘Whiteknuckle Moment’ and Keep Buying Palantir Stock

Selloffs in the market these days almost always bring back the debate about market valuations and the strength of the economy. When the selloff happens in tech stocks, the “AI Bubble” debate is added to the mix. This is what happened last week when stocks like Palantir (PLTR), Tesla (TSLA), and Nvidia (NVDA) went down and spooked the market. Analysts from Wedbush came to the rescue of the dwindling investor sentiment with a positive and upbeat note on the potential of tech stocks going forward.

Dan Ives, managing director at Wedbush Securities, has called it a buying opportunity and believes the ongoing fears in the market only add to some near-term concerns and do not influence the long-term AI potential.