Stock Market Today, Feb. 12: Palantir Faces Valuation Scrutiny Despite 70% Revenue Growth

Palantir Technologies (NASDAQ:PLTR), AI-focused government and commercial software, closed Thursday at $129.13, down 4.83%. The stock fell after Michael Burry’s bearish thesis on Palantir and the broader AI cycle circulated, while investors are watching whether recent “blockbuster” results justify the stock’s premium valuation. The company’s trading volume reached 73.4 million shares, which is 61% above compared with its three-month average of 45.6 million shares. Palantir Technologies went public in 2020 ...