Palantir (PLTR) has been in a freefall over the past three weeks amidst concerns that President Donald Trump’s tariffs could lead to stickier inflation and an economic slowdown in 2025. Plus, Trump’s administration announced plans to lower defense spending last month that also did not bode well for PLTR shares.

Palantir's stock has seen a significant reversal, dropping 35% from its peak, despite AI momentum. See why we strongly advise against buying the dip in PLTR.

Is the party finally over for the shares of Palantir Technologies ( PLTR 3.93%)? It took just over two years for the stock to rise from the $6 per share range to the all-time closing high of $124.62 per share. Still, within less than a month, it has surrendered 32% of its value.

After a spectacular run in 2024, Palantir (PLTR) stock currently trades 37% below its all-time highs, valuing the company at a market capitalization of nearly $180 billion. While the ongoing pullback has dragged shares lower,

Buying quality stocks on market dips can lead to big gains. Growth in the artificial intelligence and cloud computing markets are surefire bets for at least the next 10 years.  One stock to buy now saw its revenue double last year but trades at just 24 times this year's earnings.