"Buying the dips in shares of Palantir ( NASDAQ:PLTR) has been the smart move every step of the way, as the AI data analytics titan has found a way to defy the doubters and soar higher just about every time. And while buying the dip in any difficult-to-value, seemingly expensive hyper-growth AI stock has been scary to do, it has arguably never been as scary to pick up as right now. Why?"
"Dr. Michael Burry of Big Short fame announced bearish positions on the company. And by means of his Substack, Cassandra Unchained, the man has a fairly loud microphone to talk down his position. Undoubtedly, if the short bet against shares of Palantir wasn't enough, perhaps it's a steady stream of commentary that could act as a major thorn in the side of one of the biggest AI software winners in the market over these past few years."
"While Dr. Burry's short has seemingly put a dent in the stock, it seems like the name isn't about to rollover in any sort of "AI bubble" burst scenario, at least not quite yet. With Palantir shares recently ricocheting back to $170 per share after briefly dipping below the $155 per-share mark, it seems like the massive AI winner might just have what it takes to pull off more wins for investors willing to hang on."
Palantir stock has consistently rebounded after dips as the AI data analytics company continues to outpace doubters and climb. High valuation and hyper-growth status have made buying dips risky, with recent market conditions making purchases particularly intimidating. Dr. Michael Burry announced bearish positions and has used his Substack, Cassandra Unchained, to amplify criticism, creating ongoing pressure on the share price. Despite the short and persistent negative commentary, shares briefly dipped below $155 then ricocheted back toward $170 per share. The stock's rebound suggests resilience and potential further gains for investors willing to hang on amid AI-driven momentum.
Read at 24/7 Wall St.
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