Palantir tumbles after record AI quarter as valuation fears bite

Palantir Technologies $PLTR has just reported one of its strongest quarters ever, with AI-led growth, fat margins and big US government deals. But despite the fundamentals, the stock is finishing November down sharply as investors question sky-high AI valuations, react to insider selling and pay attention to high-profile shorts like Michael Burry.

Winners -

Defence and government IT contractors – $LDOS, $CACI

Reason: Palantir’s huge, long-duration US government and military AI contracts highlight how strategic data and analytics platforms have become inside Washington. That is a positive sentiment read-through for other contractors supplying analytics, cyber and integration work into defence and federal agencies, such as Leidos $LDOS and ...