Palantir stock slides 5.6% to start 2026 as traders reassess pricey AI plays
Palantir shares dropped 5.6% to $167.86 on heavy volume Friday, underperforming the broader market as investors shifted money from software to chipmakers. The stock traded between $166.38 and $182.93, with no company-specific news cited for the move. The Philadelphia Semiconductor index rose 4%. Palantir’s next earnings report is expected February 2.