2 AI Stocks Caught Up in Tariff-Driven Selloff

Market Overview - Arm Holdings PLC (NASDAQ:ARM) and Palantir Technologies Inc (NASDAQ:PLTR) shares are experiencing significant declines amid a broader market selloff triggered by President Donald Trump's announcement of reciprocal tariffs targeting all countries imposing tariffs on U.S. imports [1] Arm Holdings (ARM) - ARM shares are down 4.8% at $102.65, marking the lowest level since August and on track for a fifth consecutive daily loss [2] - The stock breached a critical support level at$110 and has decreased over 35% in the last nine months [2] - The Schaeffer's put/call open interest ratio (SOIR) for ARM is 1.27, indicating that short-term options traders are leaning bearish, with this ratio higher than 87% of readings from the past 12 months [2] Palantir Technologies (PLTR) - PLTR shares are down 6.4% to $80.40, also on track for a fifth consecutive daily loss after failing to maintain a surge past the$100 level [3] - The stock is currently testing long-term support from its 100-day trendline, but it still shows a substantial year-over-year gain of 243.5% [3] - There is significant bearish activity in PLTR options, with 203,000 puts traded, which is double the typical volume, compared to 115,000 calls [4] - The most active options are the weekly 4/25 60-strike puts, with new positions being opened at the 70-strike in the same series [4]