The tech sell-off continued on Wednesday, dragging the broader market lower, even as traders looked ahead to the week’s key catalyst, namely the Jackson Hole Symposium that kicks off on Thursday. As the lean trot continues,

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Meta PlatformsMETA reportedly has halted AI hiring. WalmartWMT earnings are due Thursday morning.The stock market had another mixed session,

You can show market rotation in a LOT of different ways. Here we focus on the “Out of Palantir, Into Pampers” move.

Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) fell 6% in the morning session after a prominent short-seller reiterated its bearish stance on the company, citing significant overvaluation and heavy insider selling.

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Palantir stock has tanked over 20% from its all-time high but Jefferies analyst Brent Thill argues it could crash much further from current levels.

The stock has climbed 2.5x since early January and now trades at around $185 per share. After such a rapid ascent, should investors holding sizable gains cash out?

Palantir stock fell for the sixth straight session on Wednesday. With the retreat, Palantir stock is down 18% from its all-time high.