Palantir, SoFi Drop 24% and 29% YTD as Valuation Fears Overshadow Growth

1 articles · Updated · Barchart · Jun 18

Palantir shares are down about 24% in 2026 and SoFi more than 29%, even as both companies continue posting solid operating results that some investors see as setting up a rebound.
Palantir’s selloff has tracked worries about its premium valuation and AI competition, but demand remains strong: revenue grew 85% year over year, U.S. revenue 104%, and bookings 135%, prompting higher full-year guidance.
SoFi has also been hit by valuation concerns and questions about parts of its capital-light business, yet management still expects at least 30% membership growth this year.
That outlook is backed by broader momentum across the business, including 41% growth in financial-services revenue to $429 million, $3.8 billion in loan transfers, $3.6 billion in new partner commitments, and deposits rising to $40.2 billion.