Palantir Drops on AI Valuation Concerns; Hertz Soars on Profit Beat | Stock Movers

All right. I want to start with Palantir, ticker TR. Their shares have been down as much as 8%.So the thing is, it topped analysts estimates for third quarter sales raise its annual revenue outlook. Palantir reported revenue above estimates for 21 consecutive quarters. So here's the thing.It's valuation coming into question. And investors worried if the A. I.rally is sustainable. Now, a big part of that, though, it's coming from hedge fund manager Michael Burry. Now he has bearish wagers on Palantir, also o ...