Shares shifted as Palantir bounced 3.7% to $132.79 on Monday, defying a week that saw the stock crater 14% amid an AI industry selloff. Two catalysts collided over the weekend: ARK Invest acquired 85,485 shares of Palantir valued at approximately $11.15 million , and President Trump singled out Palantir for its "great war fighting capabilities" on Truth Social. For shareholders, the question is whether a high-profile fund manager and a presidential endorsement can arrest a 28% year-to-date slide.
ARK Dumps AMD to Double Down on Palantir's AI Software Bet
ARK sold $10.52 million in AMD stock on the same days it bought into Palantir , a deliberate rotation. This rebalancing indicates ARK is pivoting capital away from semiconductor manufacturing toward artificial intelligence software . Cathie Wood apparently viewed the price weakness as an attractive entry point — but her total Palantir stake has already returned 775% , meaning she's adding to a winner, not starting fresh.
Trump's Ticker-Symbol Shout-Out Drew Instant Scrutiny
Trump's rare inclusion of the stock ticker reportedly makes him the first president in U.S. history to name a stock so directly. Sen. Mark Warner asked, "Is this another blatant example of Trump manipulating markets?"
Palantir's AI tools are reportedly being used in the Iran conflict , and the company secured more than $900 million in federal contracts last year . Political favor helps preserve that pipeline — but it does not change revenue growth rates, margin trajectories, or valuation .
Insiders Are Selling While Outsiders Buy
Palantir insiders have sold approximately $433 million in stock over the past three months, with no recorded insider purchases . That's a jarring contrast to ARK loading up. Trading at 99 times anticipated 2026 earnings, the market is embedding aggressive growth expectations into the current share price .
The Bull-Bear Battle Could Come to a Head in Weeks
Wedbush's Dan Ives maintains a Buy rating with a $230 price target , citing U.S. commercial revenue growth of 137% year-over-year . Meanwhile, Michael Burry holds deep out-of-the-money put options at strike prices of $50 and $100 , betting the stock collapses. Palantir's Q1 2026 earnings, expected in late April, will be the first major test of whether growth can justify one of the market's richest price tags.