Palantir shares surged 283% in 2024, reflecting broader market optimism as the company has pivoted towards AI-driven solutions, attracting strong investor interest.
Despite a staggering valuation of over 70-times sales, investor sentiment remains bullish with many willing to buy into Palantir's growth narrative until momentum wanes.
Billionaire Peter Thiel recently sold 16 million shares of Palantir for $600 million, raising questions on whether retail investors should follow suit or consider alternative investments.
Thiel's significant stock sales could indicate a peak for Palantir, suggesting that retail investors might consider reallocating their investments, such as in index funds rather than Palantir.
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