Today: 16 July 2026
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NASDAQ:RXT 23 February 2026 - 12 July 2026

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Palantir Loses $29 Billion in Market Value in Three Days as Software Valuation Faces CPI Data

Palantir Loses $29 Billion in Market Value in Three Days as Software Valuation Faces CPI Data

Palantir Technologies Inc. closed Friday at $126.79, down 8.7% from Tuesday’s intraday high of $138.90. The stock is also 1.9% lower than where it finished on July 2 before the holiday. PLTR slid for three sessions in a row, giving up an early-week rally that at one point put shares up 7.4% compared to the level before the break.
12 July 2026
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Rackspace Shares Swing After AMD AI Compute News; Funding and Job Cuts Remain Concerns

Rackspace Shares Swing After AMD AI Compute News; Funding and Job Cuts Remain Concerns

Rackspace Technology, Inc. shares jumped about 13% to $6.66 in early Nasdaq trading Tuesday. The stock saw heavy volume, spiking to a session high of $7.82 after the company went from an AMD memorandum of understanding to a firm agreement for AI compute capacity. Trading pushed Rackspace’s market cap to around $1.7 billion with about 32.5 million shares changing hands.
16 June 2026
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