Cathie Wood’s Abandonment of Palantir (PLTR) Just Might Constitute a Buy Signal for a Growing Cohort of Contrarian Investors

Cathie Wood’s Abandonment of Palantir (PLTR) Just Might Constitute a Buy Signal for a Growing Cohort of Contrarian Investors

2 years ago
Anonymous $jukOC22bR_

https://wccftech.com/cathie-woods-abandonment-of-palantir-pltr-just-might-constitute-a-buy-signal-for-a-growing-cohort-of-contrarian-investors/

Palantir (NYSE:PLTR), a Software-as-a-Service (SaaS) provider that specializes in data integration and analytics, has been controversial since its inception owing to deep links with the US intelligence agencies and the role that the company has played in the Iraq and Afghanistan wars. Nonetheless, with its public market debut, Palantir attracted a committed group of investors who were willing to look past the company’s less-than-stellar financials to bet on outlandish future growth.

As a refresher, Palantir currently has three main products. Its Gotham service integrates and transforms data, regardless of type or volume, into a single, coherent data asset. Moreover, the company’s Foundry service removes the barriers between back-end data management and front-end data analysis, thereby offering an integrated approach to interpreting vast data sets. Finally, the Apollo software solution powers Palantir’s Gotham and Foundry SaaS services in the cloud.