Megacap software stocks have been dragging on the broader tech sector—I previously flagged this potential shift, highlighting growing weakness in Microsoft, Oracle, and CrowdStrike—and the risk of a deeper selloff is rising. The stock, which fell 2.3% to $701.03 on Tuesday, has fallen in nine of the last 14 sessions, and as the fifth-largest holding in the iShares Expanded Tech-Software Sector ETF, its recent weakness adds pressure to an already fragile group.
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Palantir Stock Got Clobbered. Where the Chart Says It’s Headed Next.
Published 2 months ago
Aug 20, 2025 at 5:00 AM
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