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Why Palantir Stock Dropped 24.3% in April

Shares of Palantir (NYSE: PLTR) dropped 24.3% in April, according to S&P Global Market Intelligence. It is likely that Palantir was affected by fears over rising interest rates, inflation, and the potential for a recession, which has severely impacted the prices of growth stocks. There were no material business updates from Palantir in April, so all these price moves come from changes in market sentiment.

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