Why Palantir's stock is down despite a stellar first quarter

Palantir's stock is down after a gangbusters first quarter , and while the earnings report showed one or two tiny blemishes, signs of any real weakness for the company were basically nonexistent, even by the hyperbolic standards of tech-sector performance. The lukewarm investor response more likely signals wariness of soaring valuations and fatigue with idiosyncratic metrics at a moment of genuine uncertainty in big tech and national security, analysts said. …