Palantir Just Broke Below 50-Day Average—Is It Time To Buy The Dip?

Shares of Palantir Technologies Inc. (NYSE:PLTR) dropped 5% by midday Wednesday, extending Tuesday's sharp 9.4% slide.

PLTR stock is moving fast. Check live prices here.

The two-day drop marks the stock’s worst back-to-back performance since April—when President Donald Trump's tariff announcement rattled global markets.

But there's something even more unique catching traders’ eyes.

For the first time since spring, Palantir has slipped under its 50-day moving average—a widely watched support line on Wall Street.

History shows that this is not a trivial signal: since its IPO in 2021, there have been 19 occasions when Palantir has broken below this threshold. What followed has often set the tone for months.

Chart: Palantir Sinks Below Key Technical Level

AI Mania Meets Cold Reality

The latest tumble comes as investors begin questioning whether the furious rally in AI-related names has run too far, ...