{"id":3364,"date":"2026-06-27T11:33:58","date_gmt":"2026-06-27T11:33:58","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=3364"},"modified":"2026-06-27T11:33:58","modified_gmt":"2026-06-27T11:33:58","slug":"cathie-wood-makes-striking-palantir-move-as-shares-tumble","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=3364","title":{"rendered":"Cathie Wood makes striking Palantir move as shares tumble"},"content":{"rendered":"

Palantir<\/a> Technologies (PLTR<\/a>) <\/strong>is emerging as one of the market’s trickiest AI<\/a> plays.<\/p>\n

Read more Stable mortgage rates can help homebuyers, even at 6.5%<\/a><\/p>\n

The company is closely related to the AI boom with its government data platforms, commercial software and artificial intelligence platform. But investors now are seeing such exposure less as a clear tailwind and more as a risk.<\/p>\n

Shares had fallen for seven straight sessions before rebounding on June 26, after touching a fresh 12-month low of $107.27. The stock bounced back on June 26<\/a>, gaining more than 5% to around $113, although that rally came after a tough period that saw Palantir down significantly for 2026 and roughly 45% below its November 2025 high.<\/p>\n

The pressure is a sign of a bigger concern on Wall Street<\/a>: The same AI capabilities that are boosting demand for Palantir’s products could eventually disrupt parts of the traditional software market.<\/p>\n

That concern has affected a lot of software names. But Palantir still has something many rivals do not: a high-profile buyer going in while the chart looks awful.<\/p>\n

“Our software powers real-time, AI-driven decisions in critical government and commercial enterprises,” Palantir says.<\/p>\n

Cathie Wood<\/a>‘s ARK Invest bought 30,528 Palantir shares across three exchange-traded funds as the company struggled to come out of its slump. The purchases were divided between the ARK Innovation ETF, ARK Next Generation Internet ETF and ARK Blockchain & Fintech Innovation ETF, Barron<\/a>‘s reported.<\/p>\n

That’s a remarkable move considering Wood is known for her long-duration bets on revolutionary technology. ARK buying Palantir after a dip suggests the company is still a long-term AI winner for the fund even as many momentum investors have gone the other way.<\/p>\n

The technical picture is still tough. Palantir recently fell below crucial support at $127 and $128, as well as its 50-day and 200-day moving averages of roughly $137 and $159, respectively.<\/p>\n

Related: Nvidia pours cold water on AI fears<\/a><\/strong><\/p>\n

Those levels are key because traders often use them to gauge if a stock’s trend is improving or worsening. If a high-growth stock falls below those lines, it can spur additional selling by investors who follow price momentum.<\/p>\n

More AI:<\/strong><\/p>\n

Palantir bulls have a rejoinder. The company’s business is still on a rapid growth path.<\/p>\n

Palantir announced revenue of $1.63 billion<\/a>, up 85% year over year in the first quarter. U.S. revenue grew 104% to $1.28 billion, driven by a 133% increase in U.S. commercial revenue and an 84% increase in U.S. government revenue.<\/p>\n

That kind of growth makes the pessimistic case tougher to characterize as just a business slowdown. Instead, the discussion is about valuation, longevity and whether Palantir can keep growing under more fierce AI competition.<\/p>\n

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Palantir is also continuing to secure key government-related projects.<\/p>\n

The U.S. Army said June 22 that it had established<\/a> the Next Generation Command and Control common data layer baseline, with Anduril leading the effort and Palantir remaining a key partner. Anduril and Palantir will provide an edge-to-cloud data mesh using Anduril’s Lattice and Palantir’s Foundry and accompanying software deployment tools, the Army stated.<\/p>\n

That effort matters because Palantir’s government business continues to be a major part of its identity. Its software is developed for high-stakes situations that need to quickly sift and transform enormous amounts of data into actionable conclusions.<\/p>\n

The corporation is also pushing farther into commercial AI.<\/p>\n

The company announced on June 4<\/a> that its goods are accessible on Google Cloud Marketplace through a multi-tiered collaboration with Google Cloud. The deal entails connections between BigQuery and Foundry as well as tighter collaboration between Gemini and Palantir’s Artificial Intelligence<\/a> Platform.<\/p>\n

Bloomberg \/ Getty Images<\/a><\/p>\n

Palantir’s switch to Google Cloud could enable it to get into additional enterprise customers as firms are striving to figure out how to utilize AI inside real business procedures.<\/p>\n

Still, investors are wondering whether Palantir’s software will continue to be mission-critical as AI models get more powerful. That’s the crux of the tension fueling the stock’s selloff.<\/p>\n

Palantir’s problem isn’t that the business has stopped growing. It is just that expectations have been so high.<\/p>\n

Following a huge rise in 2025, investors came into 2026 pricing in years of robust AI-driven demand. That meant the stock was vulnerable to any fear that growth would stall, competition might rise or valuation might become too hard to justify.<\/p>\n

The corporation has sought to answer those concerns with figures. Its first-quarter results revealed robust demand from U.S. government and commercial customers, and Palantir boosted its fiscal 2026 revenue projection<\/a> to a range of $7.65 billion to $7.66 billion.<\/p>\n

That should aid the bull cause. But the stock market has little patience for costly growth stocks, especially when their charts break down.<\/p>\n

Wood’s acquisition is a vote of confidence from one of the market’s best-known tech bulls to Palantir investors. It doesn’t eliminate the danger that the stock might stay volatile if software investors continue to fret about AI disruption.<\/p>\n

For now, Palantir has two narratives moving in separate directions.<\/p>\n

The business continues to win contracts, create alliances and provide rapid revenue growth. But the stock is still battling to prove its valuation can withstand a tougher AI market.<\/p>\n

Related: Palantir stock faces hidden AI risk after Google deal<\/a><\/strong><\/p>\n

The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.<\/i><\/p>\n

Read more Love Island’s Ariana Madix Breaks Up Verbal Fight After Brutal Recoupling<\/a><\/p>\n

This story was originally published June 27, 2026 at 7:07 AM.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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