3 Reasons Palantir Stock Could Plunge in September

Most investors would love to find a growth stock that just keeps booming, no matter what. And with shares up by almost 400% during the last 12 months, Palantir Technologies (NASDAQ: PLTR) certainly seems to fit the bill. To be sure, when something looks too good to be true, it probably is. Let's discuss three reasons the stock could plunge in September or beyond. It's been almost three years since OpenAI's ChatGPT introduced the world to generative artificial intelligence (AI) large language models (LLMs). And while these algorithms have taken off with regular consumers, the crucial enterprise side of the industry might be underperforming expectations. According to a study from the Massachusetts Institute of Technology (MIT), a whopping 95% of enterprise AI pilots fail to deliver meaningful results for clients.This finding calls into question the sustainability of the billions in capital expenditures pouring into both the hardware and the software sides of this industry. And the smart money is already taking notice. According to Steve Sosnick, chief strategist at global trading platform Interactive Brokers, institutional investors have already begun to trim their AI exposure while retail investors continue to buy the dips.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool