Palantir Technologies ($PLTR) rose on April 10, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Software sector selloff; -2.29% close; AI competition fears; RSI at 33.57; despite Trump support post
The Bull Case
Trump endorsement provides political tailwind; AI/data analytics still core to defense; oversold conditions
The Bear Case
Extreme valuation (P/E 202.4x); software sector under pressure; AI competition from open-source models; momentum broken
Price Target & What to Watch
$191.29