Palantir Stock Slumps as AI Valuation Overshadows Top-Line Beat
Palantir Technologies Inc (NASDAQ:PLTR) is big part of the AI rout today, last seen down 7.3% to trade at 1.18 billion in revenue, both of which topped forecasts. TThe company even hiked its full-year guidance, but the report wasn't convincing enough for Wall Street's lofty expectations. Aside from the valuation concerns, famous hedge fund manager of Big Short fame Michael Burry disclosed a massive ...