Palantir stock down 40% ahead of earnings: AI and software giant stuck in worst-of-both-worlds bind

Palantir shareholders have had a rough run as the shares have lost more than 40% from their November peak, turning what was once a high-flying stock into a major disappointment for many investors. The selloff has created a much more negative mood around the company.

Now, the company has a big chance to change that story. Palantir is set to report its second-quarter earnings after the market closes on Monday.