Palantir Technologies One of the most exciting stories was created in Wall Street this year, challenging traditional investment novels. In 2025, it became the highest stock in the S&P 500, More than 106 % rises and At climbing points 144 % Since the beginning of the year – I like even heavy artificial intelligence like Nafidia. This explosive growth was nourishing its strong financial performance, as it achieved it The first billion -quarter dollars And momentum from governmental and commercial contracts from artificial intelligence.
However, the height of the meteorite was followed in a brutal reflection. During the last six commercial sessions, Balnnir shares decreased More than 17 %, survey 73 billion dollars in the market value The larger signs have been placed since April. These sellers delivered $ 1.6 billion in profits, I mentioned BloombergQuoted from data from the S3 Partners. (This number is still volatile due to the $ 4.5 billion paper losses that were short pants earlier in the year, says S3.) In recent days, Palantir was also. The worst performance in S&P 500The extreme swing shows from the hero to the villain on the market.
The report of the evil short seller
The exciting Palantir movements followed fire from the sellers in particular, especially Citron researchLed by Andrew left. In a massive report, Citron argued that Palantir’s shares were separated from the basics of their work and proper analysis. A caricature of the CEO of Palantir Alex Karp on the royal stadium in Openai, entitled “Your Holding to Smok”, included the case for Palantir in much further fall.
Citron is that Openai, which is widely recognized as a leader in artificial intelligence, is about to obtain a $ 500 billion rating with expected revenues of $ 29.6 billion in 2026, which leads to obtaining a percentage of price to sales around 17. (Citron shows mathematics, as it is calculated that 5.6 billion dollars are multiplied by 17 will be built up to about 95 billion dollars per market,, Disable 2.37 billion suspended shares, as a result of $ 40 per share.) “PLTR will still be expensive.”
Short sellers such as Left Left insists that Palantir’s works are not able to develop or subscribe as Wall Street prefers, in a blatant contradiction with Openai. Approval of the insistence on governmental deals provides uncertainty and volatility, which leads to the custard to claim that the shares are unjustified in an unjustified way even after the last losses.
The report says: “Openai creates the budget wheel that it lacks in the manner,” adding that the wide trench, the growth cycle, the data and the scale, “reminds us of us. Google In its prime. ”On the other hand, Palantir is similar to a defensive contractor, with“ thieves ”, but growth depends on the slow and unacceptable contracts that do not correspond.
The best times, the worst times
Palantir’s story in 2025 is a case of orgasm in the market versus the reality of evaluation. Narrowing optimism about artificial intelligence, and the price of its arrow quickly bread in years of expected growth. But with groups in achieving profits, the momentum evaporates, critical reports highlight the incompatibility between the price and the basic value, wealth can be reflected at the same speed.
Until now, contradictory trading is still high – if it is a rebound in the nypeer, it is expected that short attention will return as investors closely watch future profits, renew contracts, and sustain the growth strategy. This extraordinary fluctuation means that in 2025 Palantir is the highest performance and the worst performance-at the same time.
Palantir fluctuations also come against the broader “technology sale” in the market after reports that the artificial intelligence revolution is not achieved as planned. The Massachusetts Institute report found that despite tens of billions of investment, 95 % of artificial intelligence pilots In companies fail.
Openai CEO Sam shook the same markets Using the word B: bubble. Citron commented with interest: “This morning, we read that Sam Altman stated that the artificial intelligence market in a bubble. Altman does not shorten Palantir – it simply tells the truth. The market is butter, and no one knows it better than the man who built the most valuable artificial intelligence company in the world.”
He did not respond immediately on a request for comment.
For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.
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