Palantir’s stock sees sharpest drop since May as momentum cools

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The best-performing S&P 500 stock from last year is having a tougher go of it so far in 2025.

That would be Palantir Technologies Inc.

PLTR, whose stock rose 341% over the course of 2024, fueled by enthusiasm for the company’s artificial-intelligence software as well as a fervent base of support from retail investors. The eye-popping rally prompted warnings from bears about the stock’s valuation that have continued into this year.

This post was originally published on Market Watch

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