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Benzinga
Benzinga
Business
Piero Cingari

AI Stocks Wipe Out Over $500B As Palantir Reminds Traders The Party Can't Last Forever

Nasdaq United States Palantir Technologies Inc
Market, Down, Creative,Crash,Recession,Chart,With,Falling,Red,Arrow.,Business,And

Wall Street faced a harsh reality check Tuesday as investors bailed on this year's most overbought tech stocks, erasing over $500 billion in market value in just one day.

At the center of the selloff was Palantir Technologies Inc. (NASDAQ:PLTR), plunging 9.3% by afternoon in New York, even after topping analyst forecasts and raising its full-year outlook.

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