Overview
- Palantir fell 5.6% to $167.86 on heavy volume, trading between $166.38 and $182.93 as shares tested support near the $170–$175 zone.
- Market strategists pointed to flows favoring semiconductor names such as Nvidia and Intel rather than any new company-specific setback for Palantir.
- Despite the pullback, the company remains a key AI proxy after a 2025 surge of roughly 134% that lifted its market value to about $425 billion.
- Palantir’s fundamentals remain strong, with Q3 revenue of $1.18 billion up 63% year over year, a 12th straight GAAP-profitable quarter, and raised full-year guidance including free cash flow up to $2.1 billion.
- Analysts continue to flag risks including an elevated P/E far above peers, more than 55% of revenue tied to government clients, and pressure from hyperscalers and ongoing IP disputes, even as defense wins include a $10 billion Army pact and a $448 million Navy deal.