Palantir Technologies is a cold stock. It is a meme stock. It is a stock that has momentum because individual investors keep piling into it. It is not really even a stock; it is just a barometer of enthusiasm for some business that may or may not be doing well. I wish there were more to it.
AI data analytics firm Palantir Technologies (PLTR) is seen by some as the premier AI stock, but CNBC host Jim Cramer calls it little more than a meme stock.
Meme stocks, of course, are typically stocks that don't have a lot going for them, but still have significant small, retail investor support online. They're talked about in internet chatrooms and discussion boards on places like Reddit.
After trading sideways for some time, PLTR stock has rocketed higher, more than doubling in value over the last three months.
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