Palantir shares fall amid software selloff over AI concerns
Updated
Updated · Bloomberg · May 4
Palantir shares fall amid software selloff over AI concerns
13 articles · Updated · Bloomberg · May 4
Ahead of first-quarter earnings, the data-analytics company is down about 9% since the day after its last quarterly report and 19% this year.
The drop reflects a broader retreat in software stocks as investors worry artificial intelligence tools could erode earnings growth across the sector.
Palantir now faces pressure to convince investors its business has been unfairly swept into a months-long, largely indiscriminate software market selloff.
Amid a software market crash, can Palantir's stellar growth and huge government deals defy the industry's AI-driven fears?
Is Palantir’s platform a revolutionary AI operating system, or just a sophisticated data trap for its high-profile clients?