PLTR Strong company but not strong enough to justify its valuation in the medium term . The bull market is fading and macro economics uncertainity medium term... risk of higher interest rate in japan Carry trade sell off so ... the big players know it ..and are going to recalibrate their positions with the goal of lowering the prices to average down their prices after forcing retail to sell. So take your profits now and buy again later regardless of taxes. ( If you sold NVDA at 140 and bought it back at 100 and pay 40% in taxes it woul still be a gain and even more when it hits 140 again ) Btw Nvidia valuation and moat where way better than pltr at the time . In the short term is going to test 90 or 80 before next earnings ... so you do you only point of view.
PLTR has strong support in the 80s and they had a great streak of earnings. If not for DoD cuts and the CEO selling stock, this would not have retraced this quickly.