Palantir Technologies Inc (NASDAQ:PLTR) stock is trading lower on Wednesday after facing resistance at the 200-day moving average.

PLTR stock climbs on Monday amid massive tech tailwinds and an on-premises AI operating system deal with Dell. Read Dan Ives' perspective on software infrastructure.

Palantir shares are falling Tuesday on profit-taking after a strong run, bucking gains as Nasdaq rises 0.19% and S&P 500 adds 0.16%.

Palantir Technologies Inc (NASDAQ:PLTR) stock is trading lower on Wednesday after facing resistance at the 200-day moving average.