New York, February 23, 2026, 07:17 ET — Premarket
- Palantir shares slipped roughly 1.4% in premarket action following Friday’s finish at $135.24.
- Risk appetite took a hit across growth stocks as U.S. tariff uncertainty returned to the spotlight.
- This week, traders zero in on earnings from major AI and software names, searching for clues about enterprise spending.
Palantir Technologies Inc (PLTR) dropped 1.4% before the bell Monday, trading around $133.33 after ending last week at $135.24. Just over 153,000 shares changed hands ahead of the open. (Investing.com)
Traders faced renewed U.S. trade jitters after President Donald Trump rolled out a fresh 15% global duty, even though the Supreme Court on Friday overturned the bulk of tariffs imposed last year. “It’s really hard … to know how do you plan,” said Arthur Laffer Jr., president of Laffer Tengler Investments, citing the uncertainty swirling around suppliers and supply chains. Eyes are on Nvidia’s earnings this Wednesday, and reports from software names like Salesforce and Intuit are also lined up, following a sharp drop in the S&P 500 software and services index this year. (Reuters)
Late Friday, a Form 144 filing revealed Palantir CEO Alex Karp intends to unload 403,025 shares, pegged at roughly $53.9 million in total market value. Insiders use Form 144 to signal plans to offload restricted shares under Rule 144. (SEC)
Palantir’s last earnings drop came Feb. 2, showing fourth-quarter revenue up 70% to $1.41 billion. U.S. commercial revenue leapt 137%, hitting $507 million. “We are an n of 1,” CEO Alex Karp declared in the release, as the company projected 2026 revenue in the range of $7.182 billion to $7.198 billion. The guidance also pointed out that macro factors, including tariffs, could impact its customers and partners. (SEC)
As of Feb. 10, the company reported roughly 2.29 billion Class A shares outstanding, according to its annual filing dated Feb. 17. (SEC)
Palantir sells data-analysis software to both governments and corporations. Its newer AI-centric offerings have turned the stock into a high-beta proxy for enterprise AI demand—sometimes sending shares soaring on upbeat growth cues, sometimes dragging them sharply lower when risk appetite wanes.
Right now, the stock moves with the macro tides rather than on company specifics. Tariffs or growth jitters hit, and investors are quick to cut back on expensive software shares, worrying about fundamentals only after the fact.
The picture can change fast. Should tariff news turn into actual rules that tighten spending or slow down IT rollouts, Palantir may see its multiple shrink again—even if sales are still climbing.
Investors want clarity—timing, legal details—on the tariff plan, and they’re gauging if the market reads it as just a bargaining chip or a genuine blow to how companies plan. Insider sale notices are also on the radar; the question is whether those filings actually lead to more selling once liquidity returns after the open.
Coming up on Feb. 25, Nvidia releases its quarterly results—a date circled by investors watching for any sign of where AI demand sits right now. It’s not just about Nvidia’s own numbers, either; software companies tied to enterprise AI budgets are closely tethered to what Nvidia says. (investor.nvidia.com)
