Palantir Stock Sinks in Seven-Day Rout, Wiping Out Billions

GuruFocus·26 Jun 2026·Read original

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Summary · why it matters

Palantir Technologies shares fell for a seventh straight session on Thursday, closing down 5.6% at $107.13 and deepening year-to-date losses to about 39% in 2026. The broader S&P 500 has gained roughly 7.5% over the same period. Weighing on sentiment are the loss of some government-related contracts in Europe, questions about the pace of international public-sector expansion, and expectations that U.S. interest rates could remain elevated for longer. Quarter-end portfolio adjustments have also pressured technology and growth stocks. Despite the weakness, Palantir recently entered a seven-year partnership with Zeta Global Holdings, which analysts at Needham viewed favorably for potential revenue opportunities.