Palantir (NASDAQ: PLTR) shares tanked nearly 8% on Tuesday, November 4, just one day after hitting a record price of $207.18 following a strong third-quarter earnings call.
No other company currently in the S&P 500 has hit a $490 billion valuation as quickly and with as little in sales.
An artificial intelligence software powerhouse came under pressure despite a strong earnings report, while shares of a fast-food company rose after it posted strong quarterly results and said it might offload its underperforming pizza chain.
Shares in two closely watched AI-adjacent companies, Nvidia Corporation and Palantir Technologies, are falling this morning. Currently, Nvidia shares are down more than 2.2% and Palantir shares are down more than 6%.
Palantir's stock fell sharply on Tuesday despite upbeat earnings, while its CEO criticized short sellers.
PLTR posts record Q3 results with surging AI-driven revenue, expanding margins, and upbeat 2025 guidance, but valuation raises caution.
Data analytics software maker Palantir is seeing "otherworldly" growth as companies and governments clamor for its flagship Artificial Intelligence Platform, its CEO told investors yesterday. So why is its stock suffering today?
Investor Michael Burry, best known for predicting the 2008 housing crash, revealed that his hedge fund, Scion Asset Management, has taken positions against tech giants Nvidia Corp (NASDAQ:NVDA, ETR:NVD) and Palantir Technologies Inc (NYSE:PLTR). Burry, whose bets against the housing market were chronicled in Michael Lewis' The Big Short and later portrayed by Christian Bale in the 2015 film, disclosed put options, or trades that profit if a stock falls, on two of the biggest names in Big Tech.
Palantir Technologies ( PLTR ) reported strong quarterly results Monday after the close, beating expectations on both the top and bottom line. The company posted adjusted earnings of $0.21 per share, above the $0.17 consensus, on revenue of $1.18 billion, also topping estimates of $1.09 billion.
Major U.S. equities indexes were lower at midday Tuesday, with Palantir Technologies leading tech stocks lower. The Dow Jones Industrial Average, S&P 500, and Nasdaq all lost ground.
Although the revenue and EPS for Palantir Technologies (PLTR) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Palantir Technologies Inc (NASDAQ:PLTR) is big part of the AI rout today, last seen down 7.3% to trade at $192.09.