South Korean retail investors recorded the highest net purchases of Palantir in the past week
The report shows that over the past week, Korean retail investors had the highest net purchases of shares in the US AI software company Palantir. Despite the impact of the AI bubble theory, which caused the stock price to drop more than 20% from its peak, this correction was interpreted by the market as a buying and investment expansion opportunity.
According to data released by Savro, the securities information platform under the Korea Securities Depository, on August 31, between the 22nd and 28th, domestic Korean investors had a net purchase of Palantir shares worth $116.77 million, ranking first among all targets; closely followed by Nvidia, with a net purchase amount of $113.8 million.
In addition, investors also showed strong interest in other targets: the world's largest Ethereum virtual asset mining company BitMine (net purchase of $96.22 million), Newscale Power (net purchase of $4.22 million), and the largest US health insurance company UnitedHealth Group (net purchase of $3.81 million).
From August 13 to 20, Palantir's stock price fell for six consecutive trading days, with a decline of up to 20% from its peak. On the 19th alone, the stock price plummeted by 9.35% in a single day.
The market believes that this stock price decline is related to OpenAI CEO Sam Altman's statement at a press conference that "there may be a bubble in the AI industry." Altman emphasized: "Investors are overly optimistic about the AI sector, and that's a fact." He also pointed out, "The valuations of AI companies have deviated from reasonable levels."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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