PLTE.TO is trading 10.1% down today as AI and broader tech shares extend a multi-day selloff driven by global semiconductor weakness and investor caution ahead of the Federal Reserve’s two-day meeting.
- The ETF, which provides levered exposure to Palantir Technologies, is being pressured by growing concerns over heavy AI infrastructure spending.
- Broader market sentiment remains fragile as growth-oriented AI names see significant pullbacks from recent highs, dragging the Palantir-focused fund well below its recent peaks.