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Palantir Stock Hits New All-Time High. Trump in Saudi Arabia Is One Reason. - Barron's

1. Palantir reached an intraday high of $133.49 this week. 2. Stock fell 12% after strong earnings report due to volatility. 3. Broader AI market sentiment boosts investor interest in Palantir. 4. CEO attended Saudi Arabia meetings, likely discussing defense contracts. 5. Analyst price targets for Palantir vary widely from $40 to $140.

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FAQ

Why Bullish?

Palantir's strong performance amidst volatility indicates resilience, overcoming initial earnings reaction.

How important is it?

Current trends in AI and Palantir's bullish performance position it favorably for investors.

Why Short Term?

The immediate AI sentiment boost is significant but may fluctuate with market conditions.

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