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Why Palantir Technologies Stock Crashed (Again) on Thursday
The company was hit with a one-two punch over the past couple of days.
After defying gravity for the past couple of years, Palantir Technologies (NASDAQ: PLTR) has finally hit turbulence, with the stock plunging as much as 14.9% on Thursday. As of 11:27 a.m. ET, the stock was still down 11.4%.
Two reports impacted the artificial intelligence (AI) software and data mining specialist and weighed on investor sentiment -- but things might not be as bad as they seem.
Palantir has been on a tear, gaining roughly 800% over the past three years, but two developments this week have sent the stock reeling.
