Palantir Stock Drops 7% Amid Software Sector Sell-Off

Palantir Technologies (PLTR) stock fell 7.2% on April 23, 2026, as software stocks faced a broader market sell-off following ServiceNow's disappointing performance. Despite Palantir's strong Q4 revenue growth and a $300 million contract with the U.S. Department of Agriculture, investor sentiment remains cautious.

By Daniel Sparks · Motley Fool · April 24, 2026, 00:13 UTC

Palantir Stock Drops 7% Amid Software Sector Sell-Off

Tickers: $NOW $PLTR

Topics: market sentiment Palantir Technologies ServiceNow software stocks stock performance

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