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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, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

Palantir (NASDAQ: PLTR) stock is moving lower in Wednesday's trading. The artificial intelligence (AI) and analytics software company's share price was down 2.8% as of 2:30 p.m. ET. Meanwhile, the S 500 and the Nasdaq Composite were each down 0.4%. Palantir stock had been off as much 4.6% earlier in the session.

While there doesn't appear to be any new business-specific news pushing Palantir's stock lower today, investors have been taking a more cautious approach to some AI stocks recently. Reports emerged recently that OpenAI's revenue and engagement metrics had been coming in below expectations, and the information has had ripple effects across tech-sector valuations.

Image source: Getty Images.

Source Fool.com

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