Palantir, NVIDIA stocks slip
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1h
Investor's Business Daily on MSNPalantir Falls For Sixth Straight Session. Retreats 18% From All-Time High.
Palantir stock fell for the sixth straight session on Wednesday. With the retreat, Palantir stock is down 18% from its all-time high.
Palantir shares have fallen nearly 20% over the past two days following a large post Q2 earnings rally earlier this month. Learn more on PLTR stock here.
Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) fell 6% in the morning session after a prominent short-seller reiterated its bearish stance on the company, citing significant overvaluation and heavy insider selling.
Palantir stock is continuing to slide today as investors focus on inflation-related concerns. Recent quarterly updates from Target and Home Depot have highlighted inflationary risks that are pressuring Palantir and other growth stocks.
The stock has climbed 2.5x since early January and now trades at around $185 per share. After such a rapid ascent, should investors holding sizable gains cash out?
4h
Amazon S3 on MSNPalantir Continues To Decline As Valuation Concerns Mount—Citron Research Targets Overvaluation
Palantir Technologies declined 0.95% to $156.08 during pre-market on Wednesday, extending its 9.35% drop from Tuesday's regular trading, despite expanding its partnership with Fujitsu Ltd.
4h
Investor's Business Daily on MSNStock Market Today: Dow Trips As Nasdaq Falls; Palantir Tests Key Level As Retail Stock Breaks Out (Live Coverage)
T he Dow Jones Industrial Average slipped into negative territory while a steeper fall for the Nasdaq put it below a key level in afternoon trade Wednesday. Several retail stocks moved on earnings, and artificial intelligence software maker Palantir Technologies PLTR was driving toward its sixth straight loss on the stock market today.
Palantir Technologies (NASDAQ:PLTR) slid more than 9%, while Oracle lost over 5%. Both names have benefited this year fr