Palantir Technologies (PLTR) shares fell 3.68% to $130.26 following a research note warning of systemic AI risks and broader market volatility. Despite the decline, Mizuho analyst Gregg Moskowitz upgraded the stock to "Outperform," citing significant upside from accelerating commercial demand.
- The stock faced downward pressure from Michael Burry’s bearish technical outlook and scrutiny over CEO Alex Karp’s $17.2 million in private jet expenses.
- Broader market sentiment shifted toward valuation skepticism following the announcement of 15% global tariffs and a Citrini research note regarding AI risks.