Generative AI Surge Leads Analyst to Downgrade Palantir Technologies Stock
San Francisco, California – A data analytics software company, Palantir Technologies, received a downgrade from an analyst on Thursday due to concerns about its inflated valuation amidst increased excitement around generative artificial intelligence. Following the news, Palantir’s stock experienced a decline in early trading. Analyst Brian White from Monness, Crespi, Hardt & Co., downgraded Palantir’s stock from neutral to sell, citing the company’s steep valuation driven by the generative AI hype cycle. He expressed concern …