Prediction: Palantir Stock Will Hit a New Low After Aug. 3

After multiple years of strong gains, Palantir Technologies (NASDAQ: PLTR) stock has begun to decline in 2026. Thus far, it's down around 28%. The tech company has been posting strong results driven by heightened demand from opportunities stemming from artificial intelligence (AI). Its growth rate has been impressive, and CEO Alex Karp hasn't been shy when talking up the company's future growth prospects.However, even another round of strong quarterly results may not be enough to lift the stock out of its current tailspin. Instead, here's why I think it'll hit a new 52-week low after the company posts its latest numbers next week, on Aug. 3.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool