History Suggests Market Pullbacks Hit Tech Harder — Here Are the Two Names at Risk Right Now
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Palantir wasn t one of them.
- Market pullbacks can happen when investors least expect it, when there are fewer risks on the radar or complacency about the existing slate of risks on the table.
- Indeed, rushing to cash and timing the markets can save you a great deal if you get the timing right.
History Suggests Market Pullbacks Hit Tech Harder — Here Are the Two Names at Risk Right Now Joey Frenette Mon, May 11, 2026 at 7:51 PM GMT+7 5 min read PLTR SOXX NVDA Quick Read i Shares Semiconductor ETF (SOXX), Palantir (PLTR) might fall further come the next S&P pullback, with semis up 66% year-to-date and Palantir trading at a triple-digit P/E ratio that could face a 50% haircut according to Jefferies’ $70 price target.
The tech sector, particularly semiconductors, faces heightened vulnerability to a market pullback as valuations have become stretched on euphoria surrounding AI and semiconductor gains, while bearish investors including Michael Burry position against semis and Palantir through puts.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Palantir wasn t one of them. Get them here FREE.