EL7.AI
StocksMedium•5 November 2026•
1 min read

Palantir and CrowdStrike Shares Plunge as Post-Election AI Trade Retreats

Key Facts

1Palantir shares tumbled 10% to $155.28 amid a broader sell-off in AI-linked software stocks.
2CrowdStrike shares sank 9% and Okta dropped 10% as post-election AI trades retreated.

Palantir shares tumbled 10% to $155.28 amid a broader sell-off in software stocks linked to artificial intelligence. According to 247wallst.com, CrowdStrike shares sank 9% and Okta dropped 10% as post-election AI trades retreated and investors moved to lock in profits.

Palantir was trading at $155.72 on November 5, 2026, after reaching a session low of $152.60. For comparison, CrowdStrike closed at $241.00 on November 4, 2026, while Okta closed at $191.05 on the same day, as the market rotated capital away from pure software names that led the recent AI boom.

The price action follows the U.S. midterm elections held on November 3, 2026. Market participants are now looking toward the upcoming Nonfarm Payrolls report scheduled for release on November 6, 2026, for further macroeconomic direction.

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