Palantir Technology PLTR US behaved very well in the run up to earnings yesterday, putting on +20.0% since October 22nd.

PLTR reported after the close last night, beat estimates, and raised its guidance for the FY 2025.

Seven US brokers raised their price targets for the stock on the back of the earnings report .

And yet the share price is down by -6.30% as I type, and has dipped as lower as -8.00% .

Today’s fall is toggling between being the second or third worst day , for the stock in three months.

That tells me that something has changed in the way that traders / Investors are approaching AI stocks.

And what about the “reward decay ” in Oracle ORCL US?

The stock jumped by more than a third, when it announced its deal with OpenAI , back in September . However, as you can see in the chart below the gap that move created, is on the verge of being filled .

In other words the balloon is almost completely deflated now.