Is Palantir Stock Built on Hype?

We will remember 2021 for many things, such as the continuation of COVID-19, 7% inflation, and markets that touched all-time highs. It was also the year of the meme stock, in which companies like GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) skyrocketed while being pushed by message boards like WallStreetBets of Reddit.

Palantir Technologies (NYSE: PLTR) also routinely appears  among the 10 most-popular stocks on WallStreetBets. But despite its popularity, it underperformed the market in 2021. Is this a sign of what's to come?

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Source Fool.com