Palantir Technologies Inc. is trading 3% down at $137.44 as investors pull back from high-valuation tech and AI names in a broader risk-off move.
- The drop follows several days of sharp declines in growth stocks tied to AI and software as stronger-than-expected U.S. jobs data keeps pressure on interest-rate expectations.
- The broader Nasdaq remains under pressure, though there are no fresh, company-specific headlines or catalysts driving Palantir's move this session.