Palantir boosts outlook, but AI stock stays under watch
Palantir closed Friday at $133.99, down 2.8% from its May 8 close despite raising its 2026 revenue forecast. The Nasdaq ended a six-week rally as rising oil prices and bond yields hit AI stocks. Retail traders sold $82 million of Palantir shares last week, according to JPMorgan. Ukraine expanded its use of Palantir-linked AI in the war with Russia.