It probably is due to Market Sendiment. Investors expected better earning than the reported Strong Earning! So is Ecpectation vs Reality! Though PLTR beats earning expectations but did not meet the anticipation of Investors so they react negatively. 

IMHO, is a buy with 15% discounted price on this PLTR. Go for it.

Palantir Shares Post Biggest Daily Slide Since 2022 After Forecast Disappoints

NEW YORK, May 7 (Reuters) - Shares of Palantir Technologies fell 15.1% on Tuesday in their biggest daily percentage drop since May 2022, a day after the data analytics company gave a revenue forecast
Palantir Shares Post Biggest Daily Slide Since 2022 After Forecast Disappoints

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  • Investors are not always rational, they often have high expectations.
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