Posted 4/4/2024, 9:24:23 PM
Palantir Stock Fluctuates Wildly After Q4 Earnings Miss and Nvidia Partnership Buzz
- Disappointing Q4 earnings report caused initial 19% stock drop
- Stock volatility increased after spiking 250% in February due to small Nvidia investment
- Revenue and earnings missed analyst consensus targets
- Stock fluctuated widely based on analyst reviews of Nvidia partnership potential
- High valuation and dependence on contract backlog makes stock susceptible to further sharp price swings