Palantir shares continued to slide Thursday, dropping over 5% after a decline on Wednesday. The pullback follows CEO Alex Karp’s stock sale plan disclosure and reported Pentagon budget cut plans. Palantir's continued decline raises concerns that its AI-driven retail investor momentum may be fading. Wall Street remains cautious on the stock LSEG, with analysts maintaining a hold rating and forecasting a decline in Palantir's share price.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Palantir shares continue to slide Thursday, dropping over 5% after a decline on Wednesday.
00:07The pullback follows CEO Alex Karp's stock sale plan disclosure and reported Pentagon budget cut
00:12plans. Palantir continues to decline and it raises concerns that its AI-driven retail investor
00:17momentum may be fading. Wall Street remains cautious on the stock LSEG, while analysts
00:21maintain a hold rating and forecast a decline in Palantir's share price.
00:25For all things money, visit Benzinga.com.
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