Monday, June 12, 2023 4:28:46 PM
Palantir Tech. has doubled following Q1'23 results that weren't overly impressive.
The software company rallied due to the AI hype surrounding their new Artificial Intelligence Platform.
The stock now trades at elevated levels at 12x '24 revenues without any actual expectations for the growth to warrant this forward P/S multiple.
Full article ...
https://seekingalpha.com/article/4610778-palantir-technologies-sell-the-ai-rip?mailingid=31769842&messageid=must_reads&serial=31769842.4086174&utm_campaign=Must%2BReads%2Brecurring%2B2023-06-12&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads
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