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Why Is Palantir Stock Plummeting Today?

The Motley Fool Logo The Motley Fool By Johnny Rice
Why Is Palantir Stock Plummeting Today?

Palantir's stock dropped 6.4% amid broader market sell-off, driven by concerns over job cuts and stretched tech valuations, with the company's high price-to-earnings ratio raising investor skepticism.

Insights
IONQ.WS   negative

Characterized as a 'long-shot investment' with limited financial resources ($20.7M quarterly revenue) and high-risk pure-play quantum computing model


PLTR   negative

Stock declined 6.4% due to macro economic concerns, significant job cuts report (153,074 in October), and extremely high P/E ratio of 600, suggesting overvaluation and potential earnings challenges