Palantir stock plummets 20% from highs in longest losing streak since April 2024
1. Palantir shares fell into bear market territory after six consecutive days of selling. 2. The stock declined 20% from recent highs, marking a significant correction. 3. A short-seller report criticized Palantir's valuation relative to true AI leaders. 4. Despite the sell-off, Palantir recently posted record revenue, boosting its market position. 5. The company's current P/E ratio of 193 suggests ongoing overvaluation concerns.