The first time I ever heard about Palantir (Nasdaq: PLTR), several years ago, it was pitched to me as an “equity crowdfunding opportunity” to make a private investment, and a rare chance to buy into one of the hottest defense IT stocks on the planet before its IPO.

Palantir (NASDAQ: PLTR) has gained a reputation for being one of the best artificial intelligence (AI) investments, with its stock rising a whopping 320% since the start of 2024. However, looking at its current valuation,

ARKF ETF has sold $15 million worth of shares of Palantir stock, may have caused a bit of a sell-off. See why I maintain a long-term buy rating on PLTR shares.