Palantir Technologies (PLTR) has wiped out over $170 billion in market capitalization, as shares plunge more than 35% from their all-time high of $207 to $134 per share.
The stock is now on track for its worst year since 2022, down more than 25% so far in 2026. Palantir appears to be undergoing mean reversion after soaring over 2,720% in the past three years. In 2022, the stock tumbled about 65%, marking its worst year on record.
Despite reporting record-breaking Q4 2025 results (70% revenue growth), the stock has struggled because its valuation had already reached extreme levels. Palantir has been trading at over 216x trailing earnings and 100x forward earnings.
After a massive run in 2025, the broader market is now rotating away from high-risk growth stocks. Investors are moving capital out of expensive tech names like Palantir and into “safer” assets like gold, silver, and dividend-paying value stocks.
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Palantir Technologies (PLTR) has wiped out over $170 billion in market capitalization, as shares plunge more than 35% from their all-time high of $207 to $134 per share.
The stock is now on track for its worst year since 2022, down more than 25% so far in 2026. Palantir appears to be undergoing mean reversion after soaring over 2,720% in the past three years. In 2022, the stock tumbled about 65%, marking its worst year on record.
Despite reporting record-breaking Q4 2025 results (70% revenue growth), the stock has struggled because its valuation had already reached extreme levels. Palantir has been trading at over 216x trailing earnings and 100x forward earnings.
After a massive run in 2025, the broader market is now rotating away from high-risk growth stocks. Investors are moving capital out of expensive tech names like Palantir and into “safer” assets like gold, silver, and dividend-paying value stocks.