Shares of the artificial intelligence (AI) decision-making company Palantir Technologies (PLTR 5.86%) traded roughly 7.4% higher, as of 11:27 p.m. ET today. There was no clear company-specific reason behind the move, but shares seemed to be rallying along with the broader market in hopes of some reprieve from tariffs.
The three technology stocks in this article are all trying to do whatever they can to recover. After all, we have seen a lot of selling in these names, so a bounce makes sense sooner or later.
The Trump administration's "Liberation Day" tariffs against most of America's trading partners recently deflated many high-growth tech stocks. Higher tariffs, particularly against Asian countries, could strangle the supply chains of major American tech companies such as Apple and HP.
Palantir Technologies (PLTR 5.36%) has been one of the hottest artificial intelligence (AI) stocks over the past two years, but even it has been caught up in the recent tariff-fueled market sell-off. After a hot start to 2025, the stock is trading down 40% from its all-time highs, but only down about 2% year to date.
Two of the hottest artificial intelligence (AI) stocks in 2024 were, no doubt, Palantir (PLTR -11.49%) and Nvidia (NVDA -7.03%). However, after posting huge gains last year, both stocks now find themselves well off their highs following the recent market pullback.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.