Palantir’s Growth Highs Clash with a 26% 2026 Drop: Is the Rebound Beginning?

Palantir posted an 84.7% YoY revenue increase and raised FY2026 guidance to about $7.65–7.66B, yet its stock is down ~26% this year as AI software rotations and a lofty valuation (around 148x trailing earnings) keep the rebound debate alive; despite today’s 7% bounce alongside peers like CRM and MSFT, investors await Q2 results to see if a beat-and-raise can sustain momentum or if the multiple reset resumes, especially with a well-known short on the name.