Palantir is trading at $195.59, down 3.04%, amid broader pressure on technology and high-growth stocks as investors renewed scrutiny of AI spending and uncertain returns.
- On October 22, 2026, Reuters reported Nasdaq futures fell more than 1%, citing AI-spending concerns after Tesla and Meta results, alongside rising oil prices.
- Citi raised its Palantir target to $250 and maintained Buy; that bullish action does not explain the same-day decline.