Enterprise Software Stocks Slide Along with Broader Market as Middle East Conflict Escalates

Enterprise software stocks slide along with broader market as Middle East conflict escalates

Enterprise software stocks slid as U.S.-Iran tensions rose; Palantir fell despite its Nvidia AI deal and bullish outlook.

Palantir shares fall 4% as AI software stocks come under pressure

Palantir shares fell over 4% as investors sold high-valuation AI software stocks amid concerns over slower-than-expected AI adoption. Weak broader markets, insider selling, and bearish bets by Michael Burry added to pressure, signalling a wider rotation away from expensive technology stocks lacking clear near-term growth justification.