🔴 Palantir is trading 5% down today on profit-taking after strong Q1 earnings beat

PLTR is trading at $138.30 (-5.3%) amid profit-taking after yesterday's strong Q1 earnings beat.

• Palantir reported 85% revenue growth to $1.633B on May 4, beating analyst estimates and raising full-year guidance to $7.65B+.
• The sharp decline contrasts with a 0.9% gain in the NASDAQ, suggesting technical selling or overbought conditions following the stock's recent post-earnings rally.