Palantir Stock Drops. Its Rough Patch Isn’t Over
Palantir Technologies Inc. stock was dropping Thursday as the rebound from its recent decline proves to be short-lived.
Shares in the data analytics platform provider have fallen 5% to $84.77 after rising 4.8% in early trading.
Before Wednesday, the stock had dropped for five sessions in a row, wiping out most of its gains for the year, in a selloff driven by President Donald Trump’s tariff threats, concerns about defense-spending cuts, and jitters about how long the artificial-intelligence investing boom can last.
It wasn’t clear what was driving shares lower on Thursday, other than the continued selloff in AI stocks even after what looked to be solid Nvidia earnings.
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