Palantir Stock Dips Amid Semiconductor Tariff Concerns and Economic Uncertainty
Palantir Technologies (PLTR) shares fell 2% today, with an intraday drop of 5.2%, as broader market indices showed mixed performance. The decline followed remarks from former President Donald TRUMP about potential "substantial" tariffs on semiconductors imported into the U.S., sparking fears of rising inference costs for AI-driven companies like Palantir.
While Palantir isn't directly affected by chip tariffs, investors worry about margin compression. A weak jobs report added to the unease, raising questions about economic health and potential recessionary pressures that could dent Palantir's growth trajectory.
The stock's premium valuation leaves little room for error. Market participants are weighing geopolitical risks against Palantir's long-term AI potential, creating volatility in the absence of clear catalysts.