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Why Palantir Technologies Stock Tumbled on Wednesday

TheMotleyFool

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Why Palantir Technologies Stock Tumbled on WednesdayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Palantir Technologies (NASDAQ: PLTR) was under pressure today, with the stock falling as much as 5.8%. As of 11:55 a.m. ET, the stock was still down 4.1%.

The data mining and artificial intelligence (AI) specialist seemed to be caught in a broader downdraft in technology stocks, but the news surrounding Palantir was decidedly positive.

Image source: Getty Images.

Source Fool.com

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