CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Palantir Technologies Slips After Removal From BofA’s Top Picks List” 🚨🚨🚨

Shares of Palantir moved lower in premarket trading after being removed from Bank of America’s prestigious US 1 List — a curated group of the firm’s highest-conviction “buy”-rated investment ideas.

The removal signals a notable shift in Wall Street sentiment toward the once high-flying AI favorite. Combined with recent cautious commentary from prominent investor Michael Burry and the stock’s sharp run-up in price, momentum appears to be cooling.

Palantir is now trading at its widest discount to Wall Street’s average price target since late 2022, reflecting growing skepticism about valuation after its significant rally.

The move highlights how quickly sentiment can turn for momentum-driven tech names, especially when expectations are elevated.