Palantir Stock Tumbles Monday, Now Nearly 40% Off Record High | Global News Avenue

Palantir’s (bacteria) stock is S&P 500 The worst performer on Monday has extended losses since hitting an all-time high last month.

AI Analytics’ shares fell 10% to close at $76.38, enjoying nearly 40% discount for it Record close February 18 is $124.62. Latest drop to A wider market salethe uncertainty of the S&P 500 index has been reduced by 2.7% due to the Trump administration’s economic policies.

But Goldman Sachs analysts said last weekend they hope Palantir could be one of the fastest growing companies in terms of AI-Senable income In the next two years. Although there is a market recently Pull back“We expect technological advancements and earnings growth will eventually lead to investors reconnecting with AI-PAPH stocks,” analysts said.

Palantir is known as the position to support government cuts

Also last week, William Blair analysts believed that Palantir could be a unique position Support efforts Trim government spending directed by the Trump administration Ministry of Government Efficiency. Analysts said they expect Palantir’s AI product to be the “top platform” for federal agencies that create centralized payment tracking systems.

Even after losses caused by recent losses, Palantir’s share price has tripled its value in the past 12 months. The stock has risen about 1% since the beginning of 2025.

Updated – March 10, 2025: This article has been updated since its first release to reflect the newer share price value.