The Perils of Investing In Meme Stocks
@koolgal:
🌟🌟🌟After 1 week of Israel Hamas war, at least 3500 people died and 400,000 people lost their homes. The grim news has affected the US markets on Friday with the markets closing down. With such dire news, it is not surprising that Meme stocks were negatively impacted. $Palantir Technologies Inc.(PLTR)$ was down 3% on Friday despite trading upwards earlier in the week. However it is still up a strong 171% year todate. The latest news that Palantir was awarded a USD 250 million contract from the US Department of Defense boosted Palantir's share price. Palantir is also favoured to win the USD 595 million NHS contract in the United Kingdom. This is the biggest ever NHS England IT Cont