# Palantir drops 10% as AI selloff spreads to software

_Published Thursday, November 5, 2026 at 2:18 PM EST · Products · Latest · Tier 2 — Notable_

![Palantir drops 10% as AI selloff spreads to software — Primary](https://s.yimg.com/lo/mysterio/api/ee2e4334da69ee5d34f719a9efcc7ea9bfd0dad4d95a94e04eab3b13a4be80bc/lightyear_networkapi/resizefill_w1200%3Bquality_80%3Bformat_webp/https%3A%2F%2Fmedia.zenfs.com%2Fen%2F24_7_wall_st__718%2Fad2011a3daa59ab0ab0e96a867e69041.jpg)

Palantir shares fell 10% to $155.28 in afternoon trading as the post-election retreat from AI investments spread to software, Yahoo Finance reported. The decline erased about $40 billion in market value. The Nasdaq Composite fell more than 5%, while the S&P 500 dropped more than 3%.

The selling followed Palantir's November 2 results, when revenue rose 96% to $2.31 billion and management raised its full-year revenue outlook. Its filing nevertheless flagged slowing total contract value growth and rising stock-based compensation.

## Sources

- [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/palantir-tumbles-10-crowdstrike-sinks-181136741.html)

---
Canonical: https://techandbusiness.org/newswire/tijc_SRODQGzT_OA8iftMh
Published: 2026-11-05T19:18:41.497Z
Story chronology: 2026-11-05T18:11:36.000Z
Retrieved: 2026-11-06T22:49:56.613Z
Publisher: Tech & Business (techandbusiness.org)