Better Buy: Palantir Technologies vs. Amazon
Palantir (NYSE: PLTR) and Amazon (NASDAQ: AMZN) both burned the bulls after their stocks hit all-time highs last year.
Palantir's stock started trading at $10 after the data-mining firm went public via a direct listing in September 2020. It soared to $39 last January amid the Reddit-fueled trading frenzy in "meme stocks," but it now trades at about $8. Amazon's stock closed at an all-time high of $3,731.41 last July, but it subsequently tumbled to about $2,200 as investors fretted over its slowing e-commerce growth and rising expenses.
Is either beaten-down tech stock worth buying as rising interest rates and other macro challenges challenge the entire sector?
Source Fool.com
