Palantir Technologies (NYSE: PLTR) is one of the most intriguing and enigmatic businesses on Wall Street. Previously privately held and supported by influential Silicon Valley venture capitalists, such as Peter Thiel, the company’s operations were shrouded in mystery during its time as a private entity.
Upon its public debut in late 2020, Palantir sparked a division between retail investors and institutional funds. The retail community was drawn to the company, largely due to its CEO, Alex Karp, while many on Wall Street viewed it as merely a government contractor or a disguised consulting business.
Despite a significant sell-off in 2022, the stock made a remarkable recovery last year, soaring by 167%. This turnaround has piqued the interest of many in the financial world.
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Source: finance.yahoo.com
Date: 2024-02-10 12:07:00