Palantir Revenue Grows 96%, Stock Falls 5%

Palantir reported a 96% revenue growth on Nov. 2, but the stock fell over 10% following the earnings release and is currently down 5% from its pre-earnings price. The stock is approximately 20% below its all-time high, leading some investors to see this as a buying opportunity. Despite strong performance and 49% profit margins, the stock's valuation is a concern, trading at about 100 times this year's earnings and 67 times next year's earnings. In comparison, other AI stocks like Nvidia and Alphabet trade at 11 and 19 times next year's earnings, respectively. The high valuation of Palantir may hinder its growth potential, making it less attractive compared to other investments in the AI sector. The author is waiting for a more favorable entry point, considering buying Palantir at around 30 to 40 times forward earnings.

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