Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Palantir Stock Is Plummeting Today

TheMotleyFool

0 0

Why Palantir Stock Is Plummeting Today: https://g.foolcdn.com/editorial/images/829974/crash.jpg

Shares of Palantir (NASDAQ: PLTR) are falling on Tuesday, down 6.9% as of 11:02 a.m. ET. The drop comes as the S 500 (SNPINDEX: ^GSPC) lost 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 1%.

Palantir, the AI pioneer, was the target of a short report from Citron Research, one of the most prominent short sellers on the market.

Citron cited the most recent valuation of OpenAI, which on Friday was confirmed to be raising another $6 billion in funds at a $500 billion valuation, as proof that Palantir's stock is overvalued.

Source Fool.com

Like: 0

PLTR

Share