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Palantir Stock Hits Record High Amid AI-Fueled Rally, Despite Wall Street Caution
Palantir Stock Hits Record High Amid AI-Fueled Rally, Despite Wall Street Caution
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Palantir Technologies shares surged to an all-time high of $136.39, capping a 74.6% year-to-date rally fueled by artificial intelligence Optimism and strong earnings. Mizuho Securities boosted its price target to $116 while maintaining an Underperform rating, highlighting the stock''s rich valuation.
Institutional investors appear skeptical - hedge funds reduced positions by 2 million shares last quarter, while Cathie Wood''s ARK Invest continued divesting. The TipRanks Hedge Fund Confidence Signal remains firmly negative, creating tension between retail enthusiasm and professional caution.
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