Intel was down 1.1% after the chip maker rose nearly 7% on Tuesday to $25.31, its highest close since March 18. Driving the stock higher was a $2 billion investment from Japan’s SoftBank. Intel stock has risen seven of the past eight trading sessions and has gained almost 28% in August, according to Dow Jones Market Data.

Palantir Technologies (NASDAQ:PLTR) slid more than 9%, while Oracle lost over 5%. Both names have benefited this year fr

Andrew Left argues that investors have overhyped Palantir stock, and its valuation pales in comparison to a true AI leader like OpenAI.

The S&P 500 slipped 0.4% and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average was up 8 points, or less than 0.1%, as of 11:50 a.m. Eastern time, and the Nasdaq composite was down 1%.

Palantir Technologies shares have has become a focal point of market debate in recent sessions. A new short-seller report clashes with bullish catalysts from government and enterprise sectors.

In the company’s earnings call, Karp delivered one of his most emphatic visions to date, framing Palantir’s success not just as a business story, but as part of a broader national transformation.

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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.