Overview
- Trump’s Truth Social post on Friday praising Palantir’s “war fighting” tech briefly lifted shares about 3% before the gain faded into the close.
- ARK Invest disclosed purchases of 85,485 Palantir shares across five ETFs worth roughly $11 million and sales of 44,446 AMD shares worth about $10.5 million, signaling a tilt toward AI software.
- Despite the interest, Palantir is down 28% this year and trades near 99 times expected 2026 earnings, and insiders sold about $433 million in stock over three months, which has weighed on sentiment.
- Michael Burry said he is holding long‑dated put options against Palantir and argued newer models from Anthropic are eroding the company’s enterprise edge.
- Analysts remain split, with Wedbush’s Dan Ives keeping a Buy rating and a $230 target while others say Palantir must keep delivering to support its premium price.