Palantir's Q2 revenues topped $1B for the first time, with earnings also beating estimates.
Palantir (NASDAQ: PLTR) has seen its stock drop for six consecutive sessions amid a broader market pullback, erasing approximately $73 billion from its market value.
Palantir's valuation reflects its exceptional business quality, not just hype, as it delivers measurable AI impact at scale across multiple industries. The company's unique Ontology platform and network effects create a software-driven moat, making replication by competitors extremely difficult. Risks include heavy reliance on government contracts and slower international growth, but deep integrations and U.S. momentum offset these concerns.
PLTR posted record revenue of $1 billion in Q2 2025 with 48% year-over-year growth and strong profitability metrics. The company's AI platform drove 93% growth in U.S. commercial revenue, highlighting rapid adoption and enterprise confidence. The $10 billion U.S. Army contract secures Palantir's government moat but increases concentration risk.
Palantir (PLTR) shares slid Wednesday to log their sixth straight day of declines, after a short seller raised concerns about the stock's elevated valuation.
Palantir stock has recently shed 20% since peaking at $190 a share earlier this month, according to Google Finance.
Palantir stock sank for a sixth straight day and entered bear market territory. This is the longest such streak for Palantir since April 2024, and brings shares down 20% from their highs.
Brent Thill, Jeffries tech research analyst, joins CNBC's 'Squawk on the Street' to discuss outlooks on Palantir, what's behind tech's pullback, and much more.
Artificial intelligence stocks, including Palantir Technologies Inc (NYSE:PLTR), Nvidia Corp (NASDAQ:NVDA, ETR:NVD) and Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD), traded lower on Wednesday amid a broader tech-sector selloff, highlighting growing investor caution after an extended run-up in valuations. Palantir led the declines, tumbling 7.5% in early trading after a 9% drop on Tuesday, to trade hands at about $145.
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.