PLTR is trading at $142.28 (-9.88%) as high-growth AI stocks face intensified selling pressure amid a broader Nasdaq decline and shifting macro expectations.
- The drop extends a sharp weekly retreat from a January 26 high of $167.47, fueled by hawkish Fed sentiment, weak ADP jobs data, and investor rotation out of stocks with high valuations (~400x earnings).
- Despite reporting strong Q4 2025 results on February 2, the stock is currently undergoing a technical breakdown and significant profit-taking as the broader tech sector remains under pressure.