Palantir stock drops 7% on valuation concerns as CEO Karp rips short-seller 'market manipulation'
1. Palantir's stock fell 7% amid valuation concerns and short selling. 2. CEO Alex Karp criticized short sellers, calling it market manipulation. 3. Company reported strong earnings but analysts remain cautious about valuation. 4. Palantir's P/E ratio of 254 is significantly higher than competitors. 5. Market sentiment is cautious due to potential AI bubble fears.