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Wall Street gave up gains Friday after President Donald Trump hit Canada with a fresh 35% tariff and promised more across the board. This came just a day after the S&P 500 set a brand new all-time high.

Probably the biggest concern about the stock, though, is that its valuation is unjustifiable. Palantir's shares trade at 238 times forward earnings. Its price/earnings-to-growth (PEG) ratio, which factors in analysts' earnings growth projections over the next five years, is a sky-high 4.18, according to LSEG.

Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.

Stock indexes closed higher on Wall Street, enough to nudge the S&P 500 and the Nasdaq composite to more records.

Key PointsVolatility has been readily apparent for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite since 2025 began.Inflationary fears have been heightened by President Donald Trump's tariff and trade policy,

The chipmaker extended its winning streak to a seventh consecutive week — and the 11th in the last 12 — nearly doubling its share price from early April lows in just over three months.

By Sinéad Carew and Pranav Kashyap (Reuters) -Wall Street indexes rose on Thursday, with the S&P 500 and the Nasdaq Composite marking closing record highs, as investors shrugged off President Donald Trump's latest tariff moves,

MongoDB develops the leading document-oriented database, a technology that lends itself to AI applications, and the current valuation is cheap versus the three-year average.