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.
This is a developing story.
Palantir (PLTR) reported strong Q3 earnings and raised Q4 guidance, but shares dropped over 4% after hours.
Alex Karp blasts 'Big Short' investor Michael Burry as 'bats--- crazy' for bets against Palantir, Nvidia
Palantir Technologies Inc. delivered another record quarter, beating earnings and revenue estimates, and raised guidance despite government shutdown headwinds. Yet, valuation concerns sent the stock down 7% in pre-market on Tuesday. PLTR's U.S. commercial and government segments are driving explosive growth, with total contract value up 151% year-over-year and net income tripling. Valuation remains the main concern, with PLTR stock trading at extreme multiples, but its growth, margins, and profitability far outpace sector averages.
Palantir Technologies Inc (NYSE:PLTR) has once again outpaced expectations, cementing its place as one of the dominant forces in artificial intelligence - though the shares didn't relfect this as valuation concerns led to an afer-hours sell-off. The shares fell 7.3%, wiping over $30 billion off the tech giant's valuation.
Pre-market trading turned negative in New York on Tuesday, with key tech names like Palantir, Super Micro Computer, and Tesla facing early weakness. Despite near-term pressure, I see technical support levels holding and potential buying opportunities emerging on dips.