The Latest Breaking News from Palantir

The Dow lost 900 points and fell below a psychological level on Monday. Nvidia announced a chip design flaw and dragged Magnificent Seven stocks lower.

Palantir stock has delivered market-beating returns to shareholders in the last 12 months. However, its steep valuation suggests the tech stock might trail the broader markets if sentiment turns bearish.

Stock Market Today: The Dow Jones dropped 250 points Wednesday, as Tesla stock plunged on an earnings miss. Google also sold off.

Stock Market Today: The Dow Jones fell Tuesday, as Apple chipmaker NXP Semiconductors plunged on earnings. Tesla earnings are up next.

Stock Market Today: The Dow Jones rose Monday as President Biden exited the 2024 election. Nvidia stock rallied on a price-target hike.

Despite Palantir's impressive 66% surge this year, Mizuho downgraded the stock to 'Underperform' due to concerns over high valuation and limited earnings visibility. With mixed analyst ratings and the Q2 earnings report approaching, investors are advised to tread carefully and prepare for potential volatility.

Elon Musk and Peter Thiel, a longtime backer of the new vice-president pick, are among those pledging support

Future were mixed as many companies struggled with an outage on their computer operations.

Wedbush Securities analysts led by Dan Ives believe Q2 earnings will be a positive catalyst for tech stocks, which could climb another 15% this year.