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Story summary
- Palantir Technologies' shares fell 16% in November amid concerns over AI stock valuations.
- The company beat Q3 earnings and posted a second consecutive $1 billion revenue quarter, yet its 233x forward-earnings valuation drew critique.
- Investor Michael Burry intensified the selloff by betting against Palantir, prompting CEO Alex Karp to allege market manipulation.
- Palantir signed contracts with PwC and FTAI, but valuation concerns persist amid a broader AI-stock decline.
