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Palantir (PLTR) shares closed in the red on Monday after Citron Research, a renowned short seller, warned the AI-enabled data analytics firm is trading at a valuation that’s super disconnected from its fundamentals.
AI stocks more broadly were seen under pressure today after Sam Altman, the chief executive officer of OpenAI, said the artificial intelligence market was likely in a bubble, raising concerns that their stretched valuations may not hold up in the long run.