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Palantir Bounced Back From Sell-Offs Today -- Is the Stock a Buy Right Now?

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Palantir Technologies ( NASDAQ : PLTR ) stock ended Wednesday 's trading in the green despite initially seeing big sell-offs on first-quarter GDP data.

The company's share price wound up climbing 2% in the day 's trading, but it had been down as much as 4.8% earlier in the session.

With today 's gains, Palanir stock is now up 56.5% this year .

The bull case hinges on the thesis that the company has built a foundation-level role in the artificial intelligence (AI) software revolution.