So, the Palantir growth story has been all about riding the AI wave to Valhalla but, in sharp contrast, chip giant AMD’s trajectory has been more akin to a slog through the AI swamp. While PLTR stock has surged, AMD shares have been unable to show any AI-driven gains, with the stock actually falling by 32% over the past 12 months.

Cathie Wood’s Ark Invest is continuing its selling spree in Palantir Technologies (PLTR). Last week, the closely watched fund manager offloaded another more than $47 million worth of PLTR stock as part of a broader portfolio reshuffling.

Cathie Wood and Ark Invest sold roughly $19.4 million worth of Palantir stock on February 11 and redirected funds toward defensive stocks.

Shares of Palantir Technologies ( PLTR -10.08%) fell on Wednesday. The company's stock lost 10.1% as of market close and lost as much as 12.9% earlier in the day. The drop comes as the S&P 500 ( ^GSPC 0.

Palantir stock is continuing to slide Thursday as investors weigh a CEO stock sale and potential defense budget cuts. Here’s what you need to know.