On September 4, Palantir Technologies Inc. declined 3.01% in regular trading to $177.03/share, with turnover of $803 million, retracing a portion of the prior session's roughly 8% surge fueled by the expanded PwC strategic alliance.

The broader application software sector saw widespread declines, with Adobe down 6.87%, Circle Internet Corp. down 5.06%, BitMine Immersion Technologies down 5.22%, Strategy down 3.07%, and Salesforce down 1.49%, reflecting significant sector-wide selling pressure.

Adding to headwinds, prominent short-seller Michael Burry publicly criticized Palantir as a consulting company inflated by the AI bubble, questioning its deferred revenue structure and stock compensation practices while arguing its valuation could fall below $100 billion. Options market activity also signaled caution, with a $4 million double-sell call combination suggesting institutional participants view medium-to-long-term upside as limited above the $190 level.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)