Down 14%, Should You Buy the Dip on Palantir?
CEO Alex Karp has a strong message for Palantir detractors.Palantir Technologies (PLTR 6.50%) reported what most would describe as a fantastic third quarter, setting all-new highs for revenue and profits while reeling in multimillion-dollar contracts at a breakneck pace.However, in the week following the Nov. 4 release of the earnings report, Palantir stock is down 14%, reportedly on fears that artificial intelligence (AI) is approaching a bubble similar to the dot-com bubble in the late 1990s. The stock's ...