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AI stocks Palantir, ServiceNow and AMD rebuild after sharp selloffs
MarketBeat Ratings notes that Palantir, ServiceNow and AMD each have reclaimed their uptrends after steep pullbacks.
AI investors have spent the past year revisiting how company performance and stock price can diverge, as Palantir, ServiceNow and Advanced Micro Devices all suffered sharp selloffs before later rebuilding their price trends, according to MarketBeat Ratings.
The outlet says Palantir has given back more than half its value from a 2025 peak, while ServiceNow was hit after a quarter of soft guidance and AMD spent a prolonged period as investors favored a smaller set of chip names.
MarketBeat Ratings adds that the companies have since reclaimed their uptrends, shifting the question for investors from whether AI is real to whether the valuation resets offer more room than stocks already at new highs.
It cites analyst Marc Chaikin, founder of Chaikin Analytics, who frames the AI trade as splitting into tiers roughly three years in, with attention on AI names that have already seen valuations reset versus companies printing fresh highs.