Are Palantir and CoreWeave meme stocks?
What makes a meme stock?
A fervid retail shareholder base and tough-to-justify valuations are two key attributes, and hot stocks Palantir and CoreWeave certainly tick those boxes, says Bloomberg.
Palantir, through Monday’s close, has run up 75% this year, making it once again the top performer in the S&P 500. (It was also the top stock in the index last year.)
As Bloomberg reports, Palantir is also the stock with the highest price-to-sales valuation in the S&P 500, suggesting that traders buying in at these levels could be putting themselves at serious risk of overpaying.
CoreWeave’s 300% run-up since it debuted in late March is still below Palantir’s valuation league, with a price-to-full-year-2025-sales ratio of around 15x.
Of course, as the chart above suggests, high price-to-sales ratios are also a feature of some of the market’s most significant stocks, including Nvidia.
As Bloomberg reports, Palantir is also the stock with the highest price-to-sales valuation in the S&P 500, suggesting that traders buying in at these levels could be putting themselves at serious risk of overpaying.
CoreWeave’s 300% run-up since it debuted in late March is still below Palantir’s valuation league, with a price-to-full-year-2025-sales ratio of around 15x.
Of course, as the chart above suggests, high price-to-sales ratios are also a feature of some of the market’s most significant stocks, including Nvidia.
