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Cathie Wood makes striking Palantir move as shares tumble

Cathie Wood's ARK funds have been buying Palantir shares during a recent market drawdown. The stock hit a 52-week low of $107.27 before rebounding on June 26. Palantir was recently selected as the data architecture for the US Army's NGC2 program.

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What changed

ARK Invest acquired over 120,000 Palantir shares in late June following a seven-day losing streak.

Live updates

  1. Cathie Wood Increases Palantir Position Amid Stock Volatility

    Cathie Wood's ARK funds have been buying Palantir shares during a recent market drawdown. The stock hit a 52-week low of $107.27 before rebounding on June 26. Palantir was recently selected as the data architecture for the US Army's NGC2 program.

    What's confirmed:

    • ARK funds bought 81,254 Palantir shares for about $9.7 million on June 23.
    • ARK funds bought 41,601 Palantir shares for roughly $4.5 million on June 26.
    • Palantir shares reached a 12-month low of $107.27.
    • The stock gained more than 5% to around $113 on June 26.
    • Palantir was selected as the data architecture for the US Army's NGC2 program.

    Still unconfirmed:

    • Palantir has experienced a 23% year-to-date decline.
    • The stock is roughly 45% below its November 2025 high.
    • Palantir is the top oversold mega cap tech company in the VGT index.
    • The stock experienced a 48% selloff after a record quarter.
    confidence 90%