Why Palantir Stock Is Plummeting Today

Shares of Palantir (NASDAQ: PLTR) are falling once again. The stock is down 5% so far on Wednesday after falling nearly 8% yesterday. The drop comes as the S&P 500 lost 0.5% and the Nasdaq Composite lost 1.2%.The AI-powered company is seeing its share slide as part of a larger sell-off in tech, as concerns over the health of the economy mount. Given its sky-high valuation, Palantir's stock is getting hit especially hard.Among the companies that actually take artificial intelligence (AI) and apply it in the real world, Palantir has been a notable standout, delivering massive revenue and earnings growth while rivals like C3.ai and BigBear.ai are still operating deep in the red and seeing their sales stagnate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool