One has to realize $Palantir Technologies Inc.(PLTR)$ is no longer a speculative company, but one with profitable services. Many companies have faced similar scrutiny, but it's reasonable to think institutions will pick up shares as retailers exit. If projected earnings are a beat, that can run the stock back up. At the end of the day, it's about making money, and institutions can flip a stock's trajectory and sentiment on a dime.
$Palantir Technologies Inc.(PLTR)$ Burry is called "the boy who cried wolf". His "big short" on the housing bubble was actually way off and early, costing him a lot initially. He did well with Palantir, but honestly not much else is that notable. Plenty of regular traders or investors have had many 5-10X stocks. Anyway, I just think he's highly overrated. Of course, I'm a big Palantir bull and I've bought and sold it many times, doing well with it. Easily 10X on it. I'll hold a core position for a long time unless something makes me bail. It's a clear AI leader, profitable, with an amazing balance sheet, no debt, and massive growth. Not sure where or when it bottoms, and I know it has a high valuation, but that's the price you pay. Stay long.
$Palantir Technologies Inc.(PLTR)$ I'm liking what I'm seeing with PLTR here. It looks like the healthy correction we've been waiting for. With RSI well under 30 now, I have a better idea of what might come next.
$Lumentum(LITE)$ Global spending on AI infrastructure is hitting unprecedented levels, with worldwide AI expenditure forecast to reach $2.5 trillion. Driven by massive hardware and data center deployments, top tech firms collectively plan to allocate between $650 billion and $700 billion in capital expenditures this year alone!
$Lumentum(LITE)$ Seems like a lot of fear-mongering without real tangible evidence. Sellers should be cautious. Don't forget Lumentum's solid earnings/revenue and the strong guidance. These things are hard to deny because the numbers don't lie.
$Lumentum(LITE)$ Just read that Simply Wallstreet article putting a price target of 5000 on LITE. That's a huge number. But I bet around 90% of current holders will likely sell out in the 1200-1500 range. Only the big players might stick around for the really high figures. I'll still keep some on the shelf, like holding onto it for a while.
I'm holding $Palantir Technologies Inc.(PLTR)$ and NVDA. These two names represent different parts of the AI ecosystem, and I like having exposure to both sides of the trend.
$Lumentum(LITE)$ Hopefully the recent poor stock action is due to quarterly options expiring. For us longs, the hope is that next week will prove to be the payoff for this volatile and schizophrenic consolidation.