AI software firm Palantir Technologies (PLTR) has seen its stock drop for six straight sessions to wipe out $73 billion in market value. The stock is now down over 17% from its record high on August 12, making this its worst week since the tariff-driven ...

Trading in Palantir shares was subdued on Thursday, coming after Wednesday's sharp reversal in price action. The stock has been named our "Stock of the Day" after forming a classic hammer pattern on the chart — a bullish signal that often points to potential upside ahead.

Palantir Technologies has created one of the most dramatic stories on Wall Street this year, defying conventional investment narratives. In 2025, it became the top-performing stock in the S&P 500, surging over 106% and at points climbing 144% from the start of the year—outpacing even AI heavyweights like Nvidia.

Palantir Technologies (NASDAQ:PLTR) has shed $73 billion in market value over a six-session slide, offering a rare boost to short sellers who’ve struggled against one of Wall Street’s top performers this year.

Aug 21 - Palantir Technologies ( NASDAQ:PLTR) lost roughly $73 billion in market value over a six-session slide, a sharp reversal after its Aug. 12 record high. Shares fell more than 17%, producing about $1.6 billion in profits for short sellers, Bloomberg reported using S3 Partners data.

In recent days, Palantir's stock has been showing signs of slowing down. After hitting a new all-time high of $190 on Aug. 12, it has proceeded to trade lower. By Monday, the AI stock would close at just over $174 -- down 8% from its recent high.

Palantir stands out with its scalable AI impact, unique Ontology platform, and defensible moat. Read why I think PLTR stock is a buy-on-pullback opportunity.

Shares of Palantir Technologies (NASDAQ:PLTR) plummeted 19.63% over the past five trading sessions, stalling a rally that has seen the stock gain 95.12% so far in 2025. Nonetheless, since its October 2022 IPO,