<p><strong>Palantir</strong>（PLTR -1.65%）的股票在过去几年中表现相当出色，自 2024 年初以来上涨了 940%。这在很大程度上归因于市场对人工智能（AI）的整体兴趣，而另一个因素是 Palantir 商业业务的增长。</p>
<p>虽然 Palantir 最初是一家旨在服务政府机构的数据软件和分析公司，但其新的人工智能平台（AIP）在私营部门显示出良好的增长。在第二季度，其美国商业业务是增长最快的部门，收入同比增长 93%，达到 3.06 亿美元。考虑到 Palantir 所展现的令人印象深刻的增长，目前它的股票值得购买吗？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI2NzgvZ2V0dHlpbWFnZXMtMTQ4NTgyMDk0MC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI2NzgvZ2V0dHlpbWFnZXMtMTQ4NTgyMDk0MC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<p>关于是否应该现在购买 Palantir 的股票，简短的回答是 “不”，但这与其业务表现无关。原因在于其极高的估值。Palantir 目前的交易价格是其未来 12 个月预期收益的 275 倍。</p>
<p>如此高的估值，显然投资者对 Palantir 寄予了极高的期望。事实上，许多人会认为这些期望_过于_高。为了达到这个估值，Palantir 需要在许多年内维持收益增长，这似乎非常不切实际。任何未能达到 Palantir 高期望的情况都可能导致其股价大幅回调。</p>
<p>如果你目前持有 Palantir 的股票，我建议你继续持有。但现在似乎不是进行首次投资或增加持股的理想时机。</p>

PLTR

<p>Palantir 的股票自 2024 年初以来上涨了 940%，这得益于对人工智能市场的兴趣以及其商业业务的增长，该业务在第二季度实现了 93% 的收入增长。然而，尽管有这样的增长，分析师建议现在不要购买该股票，因为其估值高达预计收益的 275 倍。投资者被警告，预期可能过高，任何业绩不达标都可能导致股价大幅下跌。目前的股东被建议持有其股份，而不是进一步投资</p>

<p><strong>Palantir</strong>'s (PLTR -1.65%) stock has been on quite a run over the past couple of years, up 940% since the start of 2024. Much of it can be attributed to the overall artificial intelligence (AI) interest surrounding the market, while the other factor is the growth in Palantir's commercial business.</p>
<div class="lb-trans"><p><strong>Palantir</strong>（PLTR -1.65%）的股票在过去几年中表现相当出色，自 2024 年初以来上涨了 940%。这在很大程度上归因于市场对人工智能（AI）的整体兴趣，而另一个因素是 Palantir 商业业务的增长。</p>
</div><p>While Palantir started as a data software and analytics company aimed at catering to government agencies, its new Artificial Intelligence Platform (AIP) has shown promising growth in the private sector. In the second quarter, its U.S. commercial business was its fastest-growing segment, increasing revenue 93% year over year to $306 million. Considering the impressive growth that Palantir has shown, is its stock a buy right now?</p>
<div class="lb-trans"><p>虽然 Palantir 最初是一家旨在服务政府机构的数据软件和分析公司，但其新的人工智能平台（AIP）在私营部门显示出良好的增长。在第二季度，其美国商业业务是增长最快的部门，收入同比增长 93%，达到 3.06 亿美元。考虑到 Palantir 所展现的令人印象深刻的增长，目前它的股票值得购买吗？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI2NzgvZ2V0dHlpbWFnZXMtMTQ4NTgyMDk0MC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832678%2Fgettyimages-1485820940.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>The short answer to whether or not you should buy Palantir's stock right now is no, but it doesn't have to do with its business performance. The reason is its extremely high valuation. Palantir is currently trading at 275 times its projected earnings over the next 12 months.</p>
<div class="lb-trans"><p>关于是否应该现在购买 Palantir 的股票，简短的回答是 “不”，但这与其业务表现无关。原因在于其极高的估值。Palantir 目前的交易价格是其未来 12 个月预期收益的 275 倍。</p>
</div><p>With such a high valuation, it's obvious that investors have extra lofty expectations for Palantir. In fact, many would argue that they are <em>too</em> lofty. To grow into this valuation, Palantir would need to sustain earnings growth over many years that seems very far-fetched. Anything short of Palantir meeting its lofty expectations would likely lead to a sharp pullback in its stock price.</p>
<div class="lb-trans"><p>如此高的估值，显然投资者对 Palantir 寄予了极高的期望。事实上，许多人会认为这些期望_过于_高。为了达到这个估值，Palantir 需要在许多年内维持收益增长，这似乎非常不切实际。任何未能达到 Palantir 高期望的情况都可能导致其股价大幅回调。</p>
</div><p>If you currently hold Palantir's shares, I would hold on to them. But now doesn't seem like an ideal time to make your first investment or add to your stake.</p>
<div class="lb-trans"><p>如果你目前持有 Palantir 的股票，我建议你继续持有。但现在似乎不是进行首次投资或增加持股的理想时机。</p>
</div>

Should You Buy Palantir Stock Right Now?

- Palantir 股票自 2024 年初以来上涨 940%，主要受 AI 市场兴趣和商业增长推动。  
- 第二季度，美国商业业务收入同比增长 93%，达到 3.06 亿美元。  
- 但由于估值过高，当前不建议购买 Palantir 股票。  

当前是否适合购买 Palantir 的股票？