Palantir Stock Extends Decline Amid AI Sector Rotation
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BTCCSquare news:
Palantir Technologies (PLTR) shares fell another 6% intraday, extending a 16% two-week slide as investors retreat from overheated AI valuations. The data analytics firm now trades at nearly 90 times forward sales—a multiple requiring years of 50% growth to justify.
CEO Alex Karp's bullish Q2 commentary failed to stem the selloff. "We're guiding to the highest sequential revenue growth in our history," he noted, but markets appear to be recalibrating expectations after last year's meteoric rally.
The pullback mirrors broader profit-taking in speculative tech names. While Palantir's government and commercial segments show strong traction, its valuation had far outpaced fundamentals during the AI frenzy.
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