Palantir's valuation is retreating today after Walmart issued sales guidance for this year that spooked Wall Street. On the heels of a 5.6% increase for its annual revenue last year, the retail giant only expects sales growth to be between 3% and 4% this year.

Could Palantir Technologies stock (NASDAQ: PLTR) drop to $60 in the near future from its current price above $120? Does this seem unlikely?

If you have been following the artificial intelligence (AI) revolution over the past two years, chances are you're familiar with a software company called Palantir Technologies (NASDAQ: PLTR). Since last January,

Palantir (NASDAQ: PLTR) stock posted another day of gains in Tuesday's trading. The software company's share price closed out the daily session up 4.6% and had been up as much as 4.9% earlier in trading.

Palantir (NASDAQ: PLTR) stock saw big sell-offs in Wednesday's trading. The software specialist's share price ended the daily session down 10.1% and had been off as much as 12.9% earlier in trading. Palantir stock saw a pullback early in today's trading following a disclosure yesterday that CEO Alex Karp plans to sell $1.

Palantir (NASDAQ:PLTR) shares have taken a sharp hit, sliding ~17% since yesterday morning after CEO Alex Karp unveiled plans to offload up to

Palantir (NASDAQ: PLTR) has been one of the hottest stocks on Wall Street, rising nearly 600% since the start of 2024. That's an incredible return in just over a year, and it has made Palantir one of the highest-valued software stocks on the market.