Palantir shares are trading lower on Wednesday as traders digest a sharp, weeklong run-up and some profit-taking.

Palantir Technologies Inc (NASDAQ: PLTR) stock slipped on Monday due to short-term profit-taking, following a week-long rally sparked by blowout second-quarter earnings.

Palantir shares are trading lower on Wednesday as traders digest a sharp, weeklong run-up and some profit-taking.

Palantir Technologies is trading higher Thursday as risk-on appetite lifts AI-linked software names, with optimism over strong US demand.