Palantir Is Plummeting Today -- Is the Stock a Buy Right Now?

Palantir (NASDAQ: PLTR) stock is getting hit with another substantial round of sell-offs Wednesday on the heels of a big valuation pullback in yesterday's trading. The artificial intelligence (AI) leader's share price was down 7% as of 11:15 a.m. ET and had been down as much as 9.8% earlier in trading.Yesterday's big sell-off for Palantir stock was partially driven by an earnings report from Home Depot that arrived with news that the retailer would be raising prices on some items due to the higher purchasing costs it's facing as a result of tariffs. The announcement of pricing increases highlighted the possibility that inflation will soon begin hitting the consumer market. Today, Target's earnings and comments about tariff-related pressures seems to be playing a role in Palantir stock's continued slide.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool