Palantir Technologies just posted its worst monthly stock performance in five years. Shares hit a 52-week intraday low of $106.37 on June 25, closing the session around $108.58 after dropping 4.3% in a single day. For the month of June, the stock has fallen approximately 25%. Year-to-date, Palantir is down roughly 34-36%.
The valuation reckoning
The broader market has been rotating away from software stocks, and Palantir, which rode an extraordinary rally through much of 2025, became an obvious target.
Wolfe Research resumed coverage of Palantir on June 16 with a “Neutral” rating. The firm acknowledged that Palantir holds what it called the best AI product-market fit in the space.
Michael Burry’s bet against Palantir
