Palantir Stock Rebounds Amid Broad Market Rally
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BTCCSquare news:
Palantir Technologies (PLTR) shares ROSE 2.3% in afternoon trading, recovering from a six-day losing streak. The artificial intelligence firm's stock has surged over 1,600% in five years, but recent declines prompted skepticism from analysts like Citron Research's Andrew Left, who called the valuation excessive.
The broader market rally, fueled by Fed Chair Jerome Powell's暗示 of potential September rate cuts, lifted Palantir alongside major indices. The company's AI-driven data platforms continue gaining traction with government and commercial clients, though questions persist about its stretched valuation multiples.
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