Andrew Left, a short-seller, criticizes Palantir’s high valuation, prompting his firm, Citron Research, to reiterate its bearish stance. Citron points to OpenAI’s $500 billion valuation to argue that Palantir is overpriced, even at $40 per share. Despite Palantir’s strong second-quarter earnings, its stock has dropped 6% to $163.92. Citron questions whether Palantir deserves the same valuation multiple as OpenAI, emphasizing the latter’s unprecedented growth. Left believes Palantir is detached from fundamentals and analysis, making it one of the most expensive SaaS stocks in history even at a reduced price.

Read more at Yahoo Finance: Short-seller Andrew Left says OpenAI’s $500 billion valuation proves Palantir stock is way too expensive