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Palantir Is Seeing Unprecedented Artificial Intelligence (AI) Demand. Why Is the Stock Down?

TheMotleyFool

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Sometimes, it doesn't seem to matter what a company does in a quarter: The stock still gets sold off after its report. That's where Palantir (NYSE: PLTR) found itself. After investors pushed the stock higher in advance of its May 6 earnings report, Palantir stock dropped 15% after the company reported earnings. Even after a small recovery, Palantir is down 8% from its pre-earnings price.

So, is this a buying opportunity?

Palantir is well recognized as a leader in artificial intelligence (AI), as it has a relatively long history with the technology. With the new wave of AI focused on generative AI, Palantir has also left its mark.

Source Fool.com

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