Overview

• Shares fell about 9% Tuesday to just under $158, extending a five‑session slide of more than 15% from last week’s record.
• Citron Research’s Andrew Left disclosed a short and argued Palantir would trade near $40 if it carried OpenAI’s price‑to‑revenue multiple.
• AI momentum cooled across the market, with Nvidia and Meta lower and the Nasdaq down roughly 1.5% on the day.
• Investors also weighed profit‑taking and geopolitical signals, including talk of possible Russia‑Ukraine talks and higher China rare‑earth exports.
• The pullback follows Palantir’s first‑ever $1 billion revenue quarter and raised guidance, with shares still up more than 100% in 2025.