Palantir Shares Drop 35% YTD as AI Rally Fades Despite Strong Revenue
PLTR reports $1.63 billion in Q1 revenue, up 85% YoY, but shares lag the S&P 500 amid profit-taking and sector rotation. Palantir Technologies (PLTR) shares have fallen 35% year-to-date, underperforming the S&P 500’s 8.7% gain, as investors lock in profits from last year’s