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Barchart
Barchart
Sneha Nahata

Palantir Stock Is Down 34% from Its Highs. Don’t Miss This Chance to Buy the Dip.

Palantir United States Artificial Intelligence PLTR

Shares of Palantir Technologies (PLTR) are down about 23% year-to-date, significantly underperforming the benchmark index, which has gained over 9% during the same period. Moreover, Palantir stock is down 34% from its 52-week high of $207.52.

The selloff comes after mounting concerns over valuation. For months, Palantir traded at a premium far above most software peers and even above mega-cap tech companies. At the same time, investors began reassessing the competitive landscape from artificial intelligence (AI) companies, putting pressure on software stocks, including Palantir.

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