Why Palantir Technologies Stock Crashed Today

Palantir Technologies stock fell 3.5% despite delivering record Q3 results with $2.3B revenue (96% YoY growth) and beating earnings expectations. The decline was driven by concerns that contract value growth decelerated to 6% YoY from 49% in Q2, suggesting the company's growth momentum may be slowing. Combined with a premium 147x earnings valuation, investors reacted negatively to signs of moderating future growth despite strong current performance.