🔴 Palantir Income ETF (PLTE.TO) is trading 4.05% down on slowing contract growth

PLTE.TO is trading at CA$18.01, down 4.05%, as Palantir’s slower contract-value growth raised concerns about future growth.

• Palantir’s Q3 revenue beat expectations, but total contract value grew 6%, versus 49% in Q2; U.S. commercial contract value growth slowed to 11%.
• Election-related worries about tighter AI and data-center oversight added sector pressure earlier, though broader markets rallied and Palantir shares later showed a sharp intraday rebound.
• PLTE’s concentrated Palantir exposure magnifies the impact of swings in its underlying holding.