Down 22% From Its High, Should You Buy the Dip on Palantir Stock?
After an incredible 2023 performance, Palantir (NYSE: PLTR) shares have taken a step back. At its peak, Palantir was up over 230% for 2023, but the stock now is 22% down from those levels.
Because of Palantir's artificial intelligence (AI) software, there is a lot of interest in the stock. As a result, many investors want to know if this pullback is the start of a larger movement or a buying opportunity. So, should you buy the dip on Palantir's stock?
While most people know Palantir is an AI-related company, some aren't sure what its software does. Palantir's software helps businesses or governments make decisions with the most up-to-date information possible. The software takes in data streams of all varieties, then goes through a custom AI model, and then gives these insights to the user.
Source Fool.com
