Palantir Falls Even With AI Contracts, Bulls Eyeing Upcoming Week
Palantir plunged 4.35% Friday to $135.53, capping a 13.42% weekly slide as investors weighed new AI deals—including a Google Cloud partnership and multi-year contracts with Kirkland & Ellis and McCarthy Building—against valuation concerns and broader tech selloff, with upcoming U.S. inflation data adding risk to high-multiple stocks.