It was Palantir’s longest losing streak since April 2024, when it also declined for six consecutive trading days, according to Dow Jones Market Data. Shares of Nvidia, the leading maker of AI chips, fell 1% after multiple reports said the company had ...

Stocks traded mostly lower Wednesday as a selloff in technology names continued and number of big-name retailers reported quarterly earnings. Wall Street also parsed the minutes from the latest Federal Reserve meeting,

Palantir shares have fallen around 15% across the last five days of trading, completely erasing gains made near the start of the month.

This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.

Walmart’s adjusted earnings miss analysts’ estimates but second-quarter revenue tops forecasts. Tech stocks Palantir, Nvidia, and Intel extend losses.

Palantir Q2 results highlight strong growth and margins with 50% YoY potential. Read more on risks like data reliance and market limits and why I remain bullish on PLTR.

Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter.

The S&P 500 fell 0.6% for a third straight loss , though it remains near its all-time high set last week. The Dow Jones Industrial Average added 10 points, or less than 0.1%, and the Nasdaq composite slumped 1.5%.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.