Palantir stock drops nearly 6% to start 2026 as yields rise and chips rally
Palantir fell 5.7% to $167.59 Friday after a volatile session, underperforming other software peers as Treasury yields climbed and chip stocks surged. The stock swung more than $16 intraday. No company-specific news drove the drop. Investors await next week’s U.S. labor data and Palantir’s expected February earnings.