No, I feel the recent plunge in AppLovin & Palantir reflects a sharp market recalibration rather than a purely fundamental collapse. Both reported robust growth but their prices have been caught in a broader sell-off triggered by fears of AI-driven disruption and high valuations rather than any wipeout scenario. However, the market is sharply recalibrating the price multiples it is willing to pay and this is healthy for the long run sustainability too.
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