Palantir stock drops 5% after Fed pause, with Feb. 2 earnings in focus
Palantir shares fell 5.1% to $157.35 in after-hours trading Wednesday ahead of its Feb. 2 earnings release. The drop followed the Federal Reserve’s decision to keep rates steady, which continued to pressure growth stocks. Investors are focused on Palantir’s guidance and AI-driven revenue as the company prepares to report fourth-quarter results.