Why I Sold All of My Palantir Stock
Palantir (NYSE: PLTR) was among my favorite holdings when I bought shares during the bear market of 2022. Its ability to deliver insights by applying artificial intelligence (AI) and machine learning to draw conclusions made the company stand out among SaaS stocks.
That became even more true upon the release of its Artificial Intelligence Platform (AIP). That product delivers productivity gains that were game-changing for its clients.
Despite such benefits, I decided to part with my entire Palantir position right before the Nov. 4 earnings announcement. Admittedly, that decision may baffle many growth investors since the stock surged following the earnings release for the third quarter of 2024. Nonetheless, the real question is whether I stick with this decision over time. Here's why.
Source Fool.com
