PLTE.TO is trading at CA$21.47, down 3.38%, as technology shares retreated amid questions about the cost and payoff of heavy AI infrastructure spending.

  • PLTE has reported Palantir exposure of 129.2%, leaving its price sensitive to PLTR moves.
  • Major-company results and a cautious chip-sector outlook fueled scrutiny of AI investment.
  • Reports of damaged tankers in the Strait of Hormuz lifted oil prices and added risk aversion, weighing on broader markets.