Cathie Wood makes striking Palantir move as shares tumble
Key takeaways
- Cathie Wood makes striking Palantir move as shares tumble Faizan Farooque Sat, June 27, 2026 at 9:07 PM GMT+7 5 min read PLTR Palantir Technologies (PLTR) is emerging as one of the market's trickiest AI plays.
- The company is closely related to the AI boom with its government data platforms, commercial software and artificial intelligence platform.
- Shares had fallen for seven straight sessions before rebounding on June 26, after touching a fresh 12-month low of $107.27.
Cathie Wood makes striking Palantir move as shares tumble Faizan Farooque Sat, June 27, 2026 at 9:07 PM GMT+7 5 min read PLTR Palantir Technologies (PLTR) is emerging as one of the market's trickiest AI plays.
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.
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, 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.