Palantir CEO Alex Karp. Photo: Getty
Bloomberg
For the first time in two years, Palantir Technologies’ shares are not rallying into a quarterly earnings report, a signal that investors are finding fewer reasons to snap up what has become one of the most expensive stocks in the S&P 500 Index.
Shares of the software company have tumbled 29pc from their November peak, reached right before Palantir last reported results, and are down 18pc to the start of 2026, putting them among the 15 worst performers in the S&P 500 this year.
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