Palantir Technologies (Palantir), a top three stock preferred by overseas investors in U.S. stocks, saw its shares plummet after its earnings announcement. Although it posted revenue exceeding market expectations, it appears that investor expectations were even higher.
On the 5th (local time), Palantir stock closed at $123.77 on the New York Stock Exchange. After the market closed, when it announced its earnings for the first quarter (Jan.-Mar.), it ended trading in the after-market down 9.25% ($11.45) at $112.32.
Palantir's performance itself was not bad. It reported revenue of $883.85 million for the first quarter, exceeding market forecasts by more than $21 million. It also projected second-quarter revenue expectations between $934 million and $938 million, which were higher than the market forecast of $899 million. However, it seems that it did not meet investor expectations.
Given Palantir's recent surge in stock price, it can be interpreted that many investors sought to realize profits. The stock price soared more than 60% from $77.32 on the 8th, the day the Donald Trump administration announced universal and reciprocal tariff exemptions, to the closing price of $123.77.
According to the Korea Securities Depository, domestic investors net purchased $80.7 million (approximately 110 billion won) worth of Palantir stock during the past month (April 6 to May 5). As of the 2nd, based on the amount of assets held, Palantir ranked third after Tesla and NVIDIA, surpassing Apple for the first time.
Despite the sharp drop in stock price, many of Palantir's investors are still in the profit area. The average return for 46,265 Palantir shareholders linked to Naver Pay's "My Assets Service" is 47.58%. Approximately 60% of investors are seeing profits.