The tech sell-off continued on Wednesday, dragging the broader market lower, even as traders looked ahead to the week’s key catalyst, namely the Jackson Hole Symposium that kicks off on Thursday. As the lean trot continues,

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Palantir Technologies (NASDAQ:PLTR) slid more than 9%, while Oracle lost over 5%. Both names have benefited this year fr

In the company’s earnings call, Karp delivered one of his most emphatic visions to date, framing Palantir’s success not just as a business story, but as part of a broader national transformation.

U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away from the high-flying sector.

Palantir shares have fallen nearly 20% over the past two days following a large post Q2 earnings rally earlier this month. Learn more on PLTR stock here.

Palantir stock fell for the fifth straight trading session on Tuesday. With the retreat, Palantir stock is down 12% from its all-time high.

Palantir Technologies was the worst performer in the S&P 500 on Tuesday, with the stock continuing to surrender gains following a blowout earnings report earlier this month.

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AI software firm Palantir saw strong quarterly revenue, but its price-to-earnings ratio could be a warning sign for investors.