Investor Skepticism Grows Over Palantir’s Sky-High Valuations Despite AI Success
Palantir's AI-driven growth narrative continues to captivate markets, with Q3 revenue hitting a record $1.2 billion. CEO Alex Karp's triumphant shareholder letter highlights what he calls 'otherworldly' expansion, defying analyst expectations. The stock's 2,000% three-year surge now trades at a precarious 380x P/E ratio.
Justin Pope joins a growing chorus of investors questioning sustainability at these valuations. 'Market euphoria could have profound consequences,' he warns, reflecting concerns that Palantir's operational excellence may no longer justify its premium. The company remains a lightning rod for debates about tech stock frothiness in the AI Gold rush.