Cathie Wood makes striking Palantir move as shares tumble

Faizan Farooque

Sat, June 27, 2026 astatine 9:07 AM CDT 5 min read

Palantir Technologies (PLTR) is emerging arsenic 1 of the market's trickiest AI plays.

The institution is intimately related to the AI roar with its authorities information platforms, commercialized bundle and artificial quality platform. But investors present are seeing specified vulnerability little arsenic a wide tailwind and much arsenic a risk.

Shares had fallen for 7 consecutive sessions earlier rebounding connected June 26, aft touching a caller 12-month debased of $107.27. The banal bounced backmost connected June 26, gaining much than 5% to astir $113, though that rally came aft a pugnacious play that saw Palantir down importantly for 2026 and astir 45% beneath its November 2025 high.

The unit is simply a motion of a bigger interest connected Wall Street: The aforesaid AI capabilities that are boosting request for Palantir's products could yet disrupt parts of the accepted bundle market.

That interest has affected a batch of bundle names. But Palantir inactive has thing galore rivals bash not: a high-profile purchaser going successful portion the illustration looks awful.

"Our bundle powers real-time, AI-driven decisions successful captious authorities and commercialized enterprises," Palantir says.

Cathie Wood buys Palantir banal arsenic investors retreat

Cathie Wood's ARK Invest bought 30,528 Palantir shares crossed 3 exchange-traded funds arsenic the institution struggled to travel retired of its slump. The purchases were divided betwixt the ARK Innovation ETF, ARK Next Generation Internet ETF and ARK Blockchain & Fintech Innovation ETF, Barron's reported.

That's a singular determination considering Wood is known for her long-duration bets connected revolutionary technology. ARK buying Palantir aft a dip suggests the institution is inactive a semipermanent AI victor for the money adjacent arsenic galore momentum investors person gone the different way.

The method representation is inactive tough. Palantir precocious fell beneath important enactment astatine $127 and $128, arsenic good arsenic its 50-day and 200-day moving averages of astir $137 and $159, respectively.

Related: Nvidia pours acold h2o connected AI fears

Those levels are cardinal due to the fact that traders often usage them to gauge if a stock's inclination is improving oregon worsening. If a high-growth banal falls beneath those lines, it tin spur further selling by investors who travel terms momentum.

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Palantir bulls person a rejoinder. The company's concern is inactive connected a accelerated maturation path.

Palantir announced gross of $1.63 billion, up 85% twelvemonth implicit twelvemonth successful the archetypal quarter. U.S. gross grew 104% to $1.28 billion, driven by a 133% summation successful U.S. commercialized gross and an 84% summation successful U.S. authorities revenue.