Palantir Is Falling Today -- Is the Stock a Buy Right Now?
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Palantir Technologies (PLTR) stock is down 2% today, following a 25 basis point cut in the Federal Reserve's benchmark interest rate. Despite being a leader in AI software with significant growth potential, the stock's high valuation (forward P/E of 261) raises concerns about volatility. Investors had anticipated a larger rate cut due to weak job numbers, but the smaller cut has led to a pullback in Palantir's stock. While it may be a long-term investment for those with high risk tolerance, its volatility may deter many buyers.
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