Palantir stock price slides 7% as AI disruption fears keep pounding software shares
Palantir shares dropped 7.3% to $129.30 by mid-afternoon Thursday, extending a sharp two-day slide after an earnings-driven surge earlier in the week. The stock’s reversal comes as investors question high software valuations and worry about Big Tech’s AI spending. Director Alexander D. Moore sold 20,000 shares on Feb. 2, according to an SEC filing.