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Palantir shares lag as software rotation favors other stocks
MarketWatch links the underperformance to geopolitical and valuation concerns weighing on Palantir, even as the broader software group benefits from rotation out of semiconductors.
Palantir shares are trading behind other software stocks as investors rotate toward parts of the software market that are benefiting from moves out of semiconductors, according to MarketWatch.
MarketWatch attributes Palantir’s relative weakness to investor concerns around geopolitics and valuation, which it says are weighing on the stock while the rest of the software complex gains momentum.
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