Shares of Palantir Technologies (NASDAQ: PLTR) are plummeting on Monday. The company's stock lost 11.1% as of 2:20 p.m. ET and was down as much as 12% earlier in the day. The drop comes amid broader market weakness,

Key Takeaways Palantir shares tumbled Monday, extending losses over the past month.The artificial intelligence analytics company's stock has lost almost 40% of its value since closing at a record high on Feb.