Cathie Wood makes striking Palantir move as shares tumble

Palantir Technologies (PLTR) is emerging as one of the market's trickiest AI plays.

The company is closely related to the AI boom with its government data platforms, commercial software and artificial intelligence platform. But investors now are seeing such exposure less as a clear tailwind and more as a risk.

Shares had fallen for seven straight sessions before rebounding on June 26, after touching a fresh 12-month low of $107.27. The stock bounced back on June 26, gaining more than 5% to around $113, although that rally came after a tough period that saw Palantir down significantly for 2026 and roughly 45% below its November 2025 high.

The pressure is a sign of a bigger concern on Wall Street: The same AI capabilities that are boosting demand for Palantir's products could eventually disrupt parts of the traditional software market.

That concern has affected a lot of software names. But Palantir still has something many rivals do not: a high-profile buyer going in while the chart looks awful.

"Our software powers real-time, AI-driven decisions in critical government and commercial enterprises," Palantir says.

Cathie Wood's ARK Invest bought 30,528 Palantir shares across thre

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/cathie-wood-makes-striking-palantir-140700740.html)