Palantir stock has crashed this year, but there may be upside ahead

The rocket blasters have fallen off the stock of AI software maker Palantir (PLTR).

Quick insight: From a stock perspective, it has been a terrible year for former highflier Palantir. The company's shares have plunged 35%, versus an 8.7% gain for the S&P 500 (^GSPC), and tanked 45% from their 52-week high.

The sell-off can't be blamed on Palantir's fundamentals.

Palantir delivered a blockbuster first quarter, generating $1.63 billion in revenue. It marked a 85% year-over-year increase, driven heavily by a 104% surge in its US business.

"I think that Palantir has been a victim of the SaaS apocalypse a little, which I think is basically a fictional narrative," Wedbush tech analyst and Palantir bull Dan Ives said on Yahoo Finance's Opening Bid (video above).

The why: Following a massive AI rally that peaked late last year and lifted Palantir to new heights, investors decided to lock in profits. The company's hefty valuation leaves absolutely no room for operational missteps. Investors have instead rotated into AI memory chip names like Sandisk (SNDK) and Micron (MU), making these two tech names standouts in 2026.

Sentiment has been further dampened by notable insider selling at

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/article/palantir-stock-has-crashed-this-year-but-there-may-be-upside-ahead-134226521.html)