Palantir Technologies Inc. (PLTR) is experiencing a challenging trading session on January 2, 2025, as the stock faces downward pressure amid broader market dynamics and sector-specific concerns. Despite a strong performance in 2024, the artificial intelligence sector, including Palantir, has seen a pullback due to profit-taking and concerns over high valuations. Investors are also cautious about the Federal Reserve's stance on interest rates, which could impact tech stocks in the coming year. Additionally, while analysts like Wedbush's Daniel Ives remain optimistic about the sector's long-term prospects, predicting a 25% rise in tech stocks in 2025, short-term volatility and regulatory uncertainties continue to weigh on investor sentiment.
The GraniteShares 2x Long PLTR Daily ETF (PTIR) is currently priced at $125.88, reflecting a 4.04% decrease from its previous close.