/A%20Palantir%20office%20building%20in%20Tokyo_%20Image%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock_.jpg)
Palantir (PLTR) shares closed down another nearly 10% on Tuesday as investors continued to pull back from AI stocks more broadly on concerns of overly stretched valuations.
In its latest report, Citron Research said PLTR will remain “overvalued” even if it crashed to just $40 per share. Adding fuel to its share price decline was Sam Altman’s comment that the AI market is in a bubble right now.