PLTR is trading at $135.33 (-3.02%) in pre-market as the stock extends yesterday's -11.62% drop amid a broader tech sector rotation and SaaSpocalypse fears.
- The movement aligns with a -0.86% decline in the Nasdaq following Anthropic's AI tool launch, which erased $285 billion in software market value on February 4.
- Despite a strong Q4 2025 earnings beat featuring 70% revenue growth and 61% guidance for 2026, profit-taking persists in high-valuation AI names like PLTR.