$Palantir Technologies Inc.(PLTR)$ Wall Street has been hesitant to go all in on PLTR over the past few quarters. That's part of why we've mostly been consolidating after the first run from low double digits up past $200. Now they're not just beating and raising, they're beating and raising big, same as last quarter. A dozen quarters in a row of crushing it by huge margins, and at some point the market stops questioning and just starts buying. Wall Street is going to have no choice but to open the floodgates. We've seen this story before, most notably with NVDA. Remember NVDA right before that massive run from around $200 to over $1000 in less than two years? All the networks were sitting there trying to figure out what was going on. That was the shift into the GPU era, and once NVDA took that turn it never came back. That's exactly what's starting here with PLTR. We're getting ready for that same kind of NVDA-like run. Only this time Wall Street won't be asking what's going on, they'll just be buying.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
