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Why Palantir Stock Is Sinking Today

TheMotleyFool

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Why Palantir Stock Is Sinking TodayPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

Palantir (NASDAQ: PLTR) stock is seeing another valuation pullback in Wednesday's trading. The artificial intelligence (AI) software pioneer's share price was down 4.3% as of 12:45 p.m. ET. At the same point in the day's trading, the S 500 was down 0.1%, and the Nasdaq Composite had fallen 0.6%. The stock had been off as much as 5.5% earlier in the day.

Some top artificial intelligence stocks are getting hit with another round of sell-offs today as investors debate how to value companies in the space. Palantir may also be seeing selling momentum driven by recent wins for another defense AI stock.

Image source: Getty Images.

Source Fool.com

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