Dose Of Reality. Please click here for an enlarged chart of AI software company Palantir Technologies Inc (PLTR). Note the fo
Palantir (NASDAQ: PLTR) stock is getting hit with another day of substantial sell-offs in Thursday's trading. Palantir's valuation is retreating today after Walmart issued sales guidance for this year that spooked Wall Street.
Related: Walmart, Booking.com will rock markets in a busy earnings week But there was probably more behind the selling, including that Palantir's shares had become way too pricey and were vulnerable to a selloff.
The Dow Jones inched up on the stock market today. Warren Buffett issued a warning while Berkshire cleared an entry. Palantir stock plunged.
Shares of highflying AI darling Palantir Technologies Inc. saw their losses deepen on Thursday after a report touting planned budget cuts at the Defense Department sent the stock reeling on Wednesday afternoon.
As two of the market's top performers in recent years, investors may be wondering if they should buy the dip in Palantir Technologies (PLTR) or Vertiv Holdings (VRT) stock.
The software company's share price was down 9.4% as of 1:45 p.m. ET amid a 0.8% decline for both the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC). BigBear.ai's valuation is tumbling today in conjunction with a sell-off in the broader market triggered by concerning guidance from Walmart.
Walmart (WMT) shares are still on the red on Thursday following the retail giant's cautious outlook for its fiscal year 2026. Palantir Technologies (PLTR) continues to sink this session following the US Department of Defense's proposed military budget cuts.
Wall Street is retreating from its record as a slide for Walmart weighs on U.S. stock indexes. The S&P 500 fell 0.7% Thursday.