Palantir Sank Today -- Is the Stock a Buy?

Palantir Technologies (NASDAQ: PLTR) stock took a step back in Tuesday amid broader sell-offs for the tech sector. The artificial intelligence (AI) leader's share price fell 4.1% in a daily session that saw the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fall 0.1% and 0.8%, respectively.

Following fresh record highs for the S 500 and Nasdaq Composite yesterday, investors took profits on the market's recent rally. Tech stocks saw a particularly pronounced pullback, with signs that President Trump's feud with CEO Elon Musk has picked up again, adding downside valuation pressure to the tech sector. Palantir stock also sold off in conjunction with a significant new development on the regulatory front.

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Source Fool.com