Palantir's selloff continues, marking the seventh straight session of declines

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Palantir Technologies ( PLTR ) remained under pressure on Thursday, extending its losing streak to seven sessions as shares fell 5.52% to $107.24 in afternoon trading. The stock has come under sustained pressure recently and is now down 39.01% year to date, significantly underperforming

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Palantir Technologies(PLTR) fell 5.52% intraday on Thursday to $107.24, extending its decline for a seventh consecutive trading day. The stock is down 39.01% year-to-date, significantly underperforming benchmarks. The ongoing stretch of declines appears to be driven by a combination of a reassessment of previously elevated valuations, rotation out of growth stocks, and concerns about earnings visibility. In the short term, sentiment toward big data, AI, and enterprise software could deteriorate, but the lower valuation leaves room for M&A or strategic acquisition opportunities. The near-term trend is likely to react sensitively to quarterly results and news related to government contracts.

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