Palantir Stock Crash: Should You Be Worried? Is This AI Stock In Big Trouble?
Image Source: Pixabay
If you’re an AI investor, you’ve probably heard of Palantir (PLTR).
It’s a leading AI company with platforms that help organizations analyze complex data, and it’s especially known for working with government agencies.
Palantir Stock Crash Video
Video Length: 00:01:29
In the past year it saw an over 600% return, but in the past week, its price has been crashing like crazy.
But don’t worry, because I’m Kiana, the Invest Diva, former electrical engineer, here to help you beat the Wall Street bros as their own game, and today I share my personal Palantir strategy. #NotFinancialAdvice.
In my main stock portfolio, I have 2000 Palantir shares that I started accumulating in the past couple of years.
Wall Street bros started getting emotional over Palantir last week after they heard the government plan to cut its defense spending.
While this defense cut plan makes me worried about other government-focused companies like Booz Allen Hamilton (that’s also crashing, by the way) when it comes to Palantir, I’m not too worried, and here’s why.
Palantir is not a consulting company that’s renowned for wasting time and resources.
They’re an AI software company adding significant value to the DOD mission.
It was cofounded by Peter Thiel, who also co-founded PayPal and who also happens to be a major Trump ally… and as long as he’s loyal to Trump, Palantir is probably not going to be impacted by the fund cut as much.
Remember, investing is personal, and if a company’s mission goes against your personal values, you should not invest in them.
Also, remember that the current state of our geopolitics and economy is high risk. That means if you wanna have success with investing like thousands of my clients, you must match your investment strategy to your risk tolerance following my Diamond method.
Palantir Stock Technical Analysis
Palantir went public in 2020 and saw a massive boom right off the bat, which was followed by a major crash below the IPO level in 2021.
After two years of consolidation, PLTR finally started to rebound in 2024. From there it skyrocketed over 600% to new all-time-high levels of $125.
That is when the most recent pullback started.
Considering Palantir stock is no stranger to crashes, this pullback should be no surprise.
The Fibonacci retracement levels agree with the key psychological levels you could identify with your naked eye at 85.31, 73.01, and 61.02.
At the time of writing, Palantir’s stock price is approaching the key psychological level of 85, and I plan to buy more at the key psychological levels.
The $43.25 level shown in purple has the lowest chance of reaching.
More By This Author:
Tempus AI: The AI Powerhouse That’s Revolutionizing HealthcareRiding The AI Wave: Top 3 Reasons Why TSMC Is The Chipmaker To Watch
Nebius Group: The NVIDIA-Backed AI Stock That Could Skyrocket In 2025
Disclaimer: Trading forex (also known as foreign exchange or currencies) on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign ...
more