散戶狂砸80億美元！華爾街為何對飆漲3000%的AI妖股 Palantir 保持距離？
散戶在2025年向Palantir投入近80億美元，推動其股價三年飆漲3000%。本文深入分析華爾街為何對此保持警惕、高估值風險，以及它是否會成為下一個特斯拉。
散戶追捧、華爾街卻步，這場多空對決正在上演。儘管專業投資人對其高昂估值抱持疑慮，數據分析與國防科技公司Palantir (PLTR)已成為散戶投資界的超級巨星。在人工智慧（AI）浪潮的推動下，2025年散戶資金淨流入近80億美元，使其成為市場焦點。
根據研究機構 VandaTrack 的數據，Palantir 在 2025年 將成為散戶淨買入第五大的證券，僅次於特斯拉、輝達等巨頭。其股價在 2025年飆升超過 150%，過去三年漲幅更接近 3,000%，表現遠超 S&P 500 指數。
散戶大軍的狂熱從何而來？
Palantir對散戶的吸引力，部分來自其特立獨行的執行長艾力克斯·卡普（Alex Karp）。他不僅在財報會議上接受散戶提問，還會在滑雪纜車上向股東發布年度影片，這種親民作風擄獲了大量粉絲。此外，公司業務兼具神秘感與想像空間，從協助美國政府與國防單位，到與法拉利、溫蒂漢堡等消費品牌合作，都讓散戶對其未來發展充滿期待。在知名論壇 Reddit 的 WallStreetBets 版上，Palantir 長期以來都是熱議的迷因股（meme stock）。
華爾街的疑慮：估值過高
然而，機構投資人並未跟進這股狂熱。根據 LSEG 的調查，分析師的平均評級為「持有」，主要原因在於其令人望而卻步的估值。Palantir 的本益比高達 450倍 左右，而 S&P 500 的平均本益比僅約 28倍。券商 D.A. Davidson 的分析師 Gil Luria 表示，如此高的估值讓機構客戶「根本無法考慮」。此外，「大賣空」主角 麥可·貝瑞（Michael Burry） 的基金也揭露了對 Palantir 的空頭部位，更增添了市場的觀望氣氛。
投資風險警示：Palantir 的股價波動性極高，其估值已遠遠超過傳統標準。市場對其 AI 業務的預期非常樂觀，若未來成長不如預期，股價可能面臨大幅修正的風險。
This content is AI-generated based on source articles. While we strive for accuracy, errors may occur. We recommend verifying with the original source.
Related Articles
Retail investors poured $8 billion into Palantir in 2025, defying Wall Street's warnings about its high valuation. We analyze the divide over the AI stock, which has surged 3,000% in three years.
An analysis of 5 years of Bitcoin CME futures and on-chain data reveals a historically weak support level in the $70,000-$80,000 range. Here's what this 'support gap' means for future price volatility.
Immersive Fort Tokyo, the ambitious theme park in Odaida, will close in February, less than two years after its launch. Operator Katana cited a financial situation that deviated from its plan.
Hong Kong regulators plan to introduce a comprehensive legislative bill in 2026 to regulate virtual asset dealers and custodians. This move sharpens its competition to become Asia's premier digital asset hub.
Retail investors poured $8 billion into Palantir in 2025, defying Wall Street's warnings about its high valuation. We analyze the divide over the AI stock, which has surged 3,000% in three years.
An analysis of 5 years of Bitcoin CME futures and on-chain data reveals a historically weak support level in the $70,000-$80,000 range. Here's what this 'support gap' means for future price volatility.
Immersive Fort Tokyo, the ambitious theme park in Odaida, will close in February, less than two years after its launch. Operator Katana cited a financial situation that deviated from its plan.
Hong Kong regulators plan to introduce a comprehensive legislative bill in 2026 to regulate virtual asset dealers and custodians. This move sharpens its competition to become Asia's premier digital asset hub.