Palantir is trading 3.19% down now at $180.43 after broader technology and software stocks weakened.
- The software sector is down 3.00%, while the Nasdaq Composite is down 1.37%, pressuring high-growth technology valuations.
- Rising oil prices, bond yields, geopolitical risk, and global risk-off sentiment are weighing on technology shares.
- A September 1 report on CEO Alex Karp investing in a Ukrainian defense startup is company news, but no evidence links it to the decline.