One Wall Street prognosticator said the stock could be worth much less. Not everyone agrees.
After defying gravity for much of the past few years, Palantir Technologies (PLTR +1.71%) is finally coming back to earth, with the stock falling as much as 6.7% on Thursday. As of 2:00 p.m. ET, the stock was still down 5%.
The catalyst that sent the data mining and artificial intelligence (AI) specialist lower was a bearish prediction by a well-known investor.
Image source: Getty Images.
The Big Short
Investor Michael Burry gained fame by famously betting against the housing market in 2008, banking $100 million for himself and $725 million for investors. The movie depicting these events, The Big Short, has become Wall Street canon. Now, the…
