
Palantir Stock Enters Correction Despite Strong Earnings
Palantir's stock has entered a technical correction, falling over 15% from its record high despite reporting a 63% revenue surge in its latest quarter.
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Palantir's stock has entered a technical correction, falling over 15% from its record high despite reporting a 63% revenue surge in its latest quarter.

Investors are preparing for a major earnings week, with AMD, Uber, Palantir, and Shopify set to report. Options markets are pricing in significant volatility.

Palantir's stock has hit a record high, fueled by investor optimism ahead of earnings, despite Wall Street analysts raising alarms over its extreme valuation.

Palantir's stock rose about 4% as the market awaits its Q3 earnings on Nov. 3. Investors are focused on AI-driven growth and commercial sector expansion.

Palantir Technologies reports accelerating revenue growth, forecasting a 50% year-over-year increase for Q3, driven by its Artificial Intelligence Platform.

Dow Jones, S&P 500, and Nasdaq futures saw gains after all major indexes closed at new record highs, signaling continued investor confidence post-Fed meeting.