Palantir Technologies Inc (NASDAQ:PLTR) stock was last seen down 7.5% at $145.98 and heading for its sixth-straight daily drop.
Shares of Palantir Technologies (NASDAQ:PLTR) plummeted 19.63% over the past five trading sessions, stalling a rally that has seen the stock gain 95.12% so far in 2025.
Can you believe it? Red-hot AI stock Palantir is dropping.
Jim Cramer's bullish call on Palantir (NASDAQ: PLTR) has quickly turned into a contrarian signal.
US commercial revenue surged 93% year-over-year in Q2 2025, proving Palantir's AI adoption is scaling structurally, not episodically. A $10 billion, 10-year U.S. Army contract cements government work as a stable and defensible long-term revenue base. The company generates FCF margins above 50%, validating an asset-light model that compounds growth without heavy infrastructure spending.
Palantir (PLTR) shares tumbled Tuesday afternoon, extending recent losses as a high-profile short seller fueled worries the stock could be overvalued after a strong run earlier this year.
Major U.S. equities indexes were mixed Tuesday as tech sector losses weighed on their performance. The S&P 500 ended the session 0.6% lower, while the tech-heavy Nasdaq dropped 1.5%.
The company's latest earnings report shows a company that's been hitting on all cylinders for quite some time. In the last three years, Palantir has delivered:
Palantir's stock fell for a fifth-straight day after touching new highs earlier this month. The artificial intelligence software provider had a stellar earnings report earlier this month, reporting its first-ever $1 billion revenue quarter.
Palantir (PLTR) shares tumbled Tuesday afternoon, extending recent losses as a high-profile short seller fueled worries the stock could be overvalued after a strong run earlier this year.
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Palantir's $420B valuation, soaring 130% this year, tests limits with sky-high multiples and lofty performance expectations.