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Cathie Wood Is Selling Palantir Stock. Should You?
Cathie Wood of Ark Invest just sold over 1 million shares of Palantir.
During 2023 and 2024, investing in the technology sector seemed like a no-brainer. Euphoric narratives surrounding the artificial intelligence (AI) megatrend had investors plowing into different end markets across the technology spectrum, and minting a lot of profits in the process.
But 2025 has been a different story entirely. Just a month ago, the technology sector was down over 20% for the year with consumer electronics, computer hardware, and semiconductors being the biggest laggards. Uncertainty around tariffs and related trade negotiations inspired panic selling in areas that are vulnerable to these policies.
The tech sector has largely recovered its losses, but one pocket of the tech realm that has proven resilient throughout 2025 is software. Shares of enterprise software darling Palantir Technologies (NASDAQ: PLTR) have surged about 70% year to date, making it one of the top-performing stocks across both the S&P 500 and Nasdaq-100 indexes.
