Palantir Falls For Sixth Straight Session, Retreats Over 20% From All‑Time High

Palantir Falls For Sixth Straight Session, Retreats Over 20% From All‑Time High .Palantir’s stock has now dropped for six sessions in a row. It has fallen about 22% from its peak. The decline reflects investor caution in AI‑related holds.

 Steady Slide Continues

Palantir shares fell another 5% on Wednesday—marking six straight sessions of losses. That brings the total slide to around 22% from the record high of $190 reached on August 12.Investors

 AI Pullback Hits Tech Stocks

This drop follows a broader retreat in momentum stocks tied to AI. Companies like Nvidia, Oracle, and Arista also trended lower this week

 No Major Setbacks Below the Surface

The fall looks more like profit‑taking than a reaction to bad news. Palantir rose sharply earlier this year, up over 100%. Investors may simply be trimming gains.

 Valuation Worries Grow Louder

Short seller Citron spotlighted Palantir’s high price tag. It claims the stock is far detached from fundamentals and suggests a fair value of just $40.

Analyst sentiment remains cautious. Most rate Palantir as “hold,” not “buy,” due to valuation concerns

 Strong Backdrop Amid the Pullback

Still, Palantir’s stock remains a standout this year. It’s up around 110% year‑to‑date, fueled by hype around government contracts and AI demand.

The company just posted its first quarter with over $1 billion in revenue. U.S. commercial sales climbed 93%, while total profits jumped 33%

 Technical Signals Flash Warning

Wednesday’s drop pushed Palantir close to its 50‑day moving average—a key technical support level. Breaking below it could invite further selling.

But institutional interest remains solid. The stock holds a high Relative Strength Rating of 98, signaling continued institutional interes

 Humanized Wrap‑Up

Investors who rode the rally might be stepping back now. That’s natural after such sharp gains. It doesn’t mean long‑term faith is gone.

Palantir still holds strong government ties and a growing AI footprint. Those fundamentals may keep it in favor once sentiment turns.

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