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Palantir (NASDAQ: PLTR) stock saw big sell-offs in Wednesday's trading. The software specialist's share price ended the daily session down 10.1% and had been off as much as 12.9% earlier in trading. Palantir stock saw a pullback early in today's trading following a disclosure yesterday that CEO Alex Karp plans to sell $1.

For the past year or so investors have been looking for one thing: the next best artificial intelligence (AI) growth story. You've probably seen many promising AI players out there, including companies that are already generating revenue from the technology.

A relatively small Chinese artificial intelligence (AI) start-up created a large language model (LLM) generative-AI chatbot to rival OpenAI's ChatGPT. But this isn't the major story. The major story is the bomb the company dropped in January: that it reportedly trained its model using just $6 million and a couple thousand Nvidia (NASDAQ: NVDA)