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Palantir stock slumps over 9% as AI stocks like NVIDIA and Meta cool off
Palantir shares have fallen around 15% across the last five days of trading, completely erasing gains made near the start of the month.
Software analytics firm Palantir is plummeting on the stock market Tuesday, with shares falling 9% as other AI darlings like NVIDIA and Meta cool down from gains made earlier this month. Getty Images Palantir shares were down 9% on Tuesday afternoon at $157.91, erasing strong gains made by the company after it topped Wall Street estimates and hiked its full-year guidance in its latest earnings report this month. Palantir’s success comes as the Trump administration has pushed for greater AI and chip infrastructure in the U.S., roping in financial commitments companies like Apple, NVIDIA, OpenAI and even considering a 10% stake in Intel, shares of which rocketed 7% Tuesday.
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