Cathie Wood’s Palantir Buy Might Be a Signal to Buy the Dip

Palantir has dropped over 30% year to date despite posting 85% quarterly growth, with Cathie Wood stepping in to buy across her ETFs.

At 78x forward P/E, Palantir's valuation remains steep, but agentic AI could help growth catch up faster than expected.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn't make the cut. Grab the names FREE today.

Cathie Wood over at Ark Invest has been making moves in recent months amid the barrage of volatility slamming the tech sector. Undoubtedly, semiconductors have continued to be the leadership group while the Magnificent Seven have pulled the brakes a bit.

With the flagship Ark Innovation ETF (ARKK) trailing the markets, up just over 3%, while the S&P 500 has gained close to 10%, questions linger as to what Wood will do as the AI revolution continues to move ahead at full speed, while some investors worry a bit about valuations and the potential open door for interest rate increases. Indeed, it can be tricky to tell what wins and loses when a disruptive technology heads into overdrive.

Arguably, AI is the most disruptive technology of all time, and the pain in software stocks (the so-called

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/cathie-wood-palantir-buy-might-125002398.html)