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HotTech Selloff

Palantir, OKTA, and HPE lead tech selloff losses

Palantir fell 20 percent to $160.38, Okta dropped 24 percent to $168.72, and HPE declined 39 percent from its October high. Analysts note that valuation concerns and AI spending worries drove the recent weakness in these stocks.

PLTR+5.2%OKTA+5.0%HPE+7.2%

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The stocks in this story

  1. PLTR+5.2%Palantir$168.75
  2. OKTA+5.0%Okta$177.11
  3. HPE+7.2%Hewlett Packard$47.98

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HotStock Market

S&P 500 loses $3 trillion in sharp weekly decline

The benchmark index dropped over 4 percent on November 5, its steepest fall since April 2025, wiping out approximately $3 trillion in market value.

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