Palantir Technologies Inc. is trading 5.63% down at $128.78 following a sharp reversal in technology stocks and a risk-off session for growth names.
- The broader market faced significant pressure as the Nasdaq Composite fell 2.21% and the S&P 500 dropped 1.30%, weighing on AI-heavy stocks.
- No specific company-level catalyst was identified, suggesting the move is driven by macro-level sentiment rather than internal developments.