Wall Street is losing ground on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology.The S&P 500 slipped 0.7% and is on track for a third straight modest loss after setting its all-time high last week.

Palantir stock sinks below a key technical level, extending a steep two-day drop. History suggests buying the dip could pay off—big.

Now, it’s worth noting Stock Advisor’s total average return is 1,055% — a market-crushing outperformance compared to 183 % for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

Palantir stock (NASDAQ: PLTR) took a sharp hit on Wednesday, falling about 7% as high-valuation tech stocks pulled back across the market. The AI and data analytics company had hit record highs earlier in the month,

Palantir's dual-engine model delivers exceptional growth, margins, and defensibility. Click here to see why PLTR stock is a Buy.

Palantir Technologies was the worst performer in the S&P 500 on Tuesday, with the stock continuing to surrender gains following a blowout earnings report earlier this month.

Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting sustained demand for its AI-linked services from businesses and governments.

Wall Street fell further from its records. The S&P 500 lost 0.6% Tuesday, its third straight loss after setting its all-time high last week.

Palantir shares have fallen nearly 20% over the past two days following a large post Q2 earnings rally earlier this month. Learn more on PLTR stock here.