Market moves

Tech stock moves weighed on the broader index as Palantir fell on valuation concerns while Intel rose on SoftBank backing.

Palantir Slumps as Intel Gains on SoftBank Backing

The S&P 500 slid 0.6 percent on Tuesday as tech shares dragged the index lower. Palantir Technologies tumbled more than 9 percent, posting the largest decline among its peers after a short seller questioned the stock’s lofty valuation. The stock’s fall marked a fifth consecutive day of losses following a strong earnings report.

Intel gained close to 7 percent after SoftBank Group unveiled a major investment in the chipmaker, a move seen as supporting a shift toward greater U S semiconductor manufacturing. Oracle also moved lower, dropping about 5.8 percent amid reports of a broader reorganizaton and job cuts in its cloud division. Palo Alto Networks rose a little over 3 percent after quarterly results beat expectations and the company signaled a stronger outlook for 2026. Across the market, other names in the tech sector posted mixed results as investors weighed the earnings and strategic shifts shaping the AI and cloud landscape.

The session shows how quickly sentiment can flip on a few big signals. A single high profile investment can lift shares in a lagging area of the market, while a prominent short seller can pull a high flyer back toward reality. Palantir’s volatility underlines ongoing concerns about whether growth narratives can be sustained by earnings, not just hype. The SoftBank investment into Intel highlights how policy and political expectations around U S manufacturing can influence market moves, even when fundamentals are still being assessed. In the broader picture, the market is balancing AI optimism with the cost of scale and the complexity of retooling legacy businesses. How this balance evolves in the coming weeks will test whether investors are chasing potential profits or seeking clearer signals from profits.

Highlights

Markets will test these bets as earnings season unfolds