Shares of Palantir Technologies fell again Friday, extending a rocky stretch for the data-analytics and defense-software company even as its underlying business continues to post some of the fastest growth among large software firms.

The stock traded around $126.74 in Friday morning trading, down 1.78% on the session, according to market data. The decline builds on a sharper drop a day earlier, when Palantir shares fell roughly 4% amid a broader pullback across richly valued technology names. That Thursday decline came as concerns over the collapse of a U.S.-Iran truce weighed on risk sentiment, pushing major U.S. indexes lower, with investors also rotating away from high-valuation software companies. Other software companies moved lower alongside Palantir that day, including Salesforce, Oracle and ServiceNow.

Despite the slide, analysts tracking the stock have generally attributed the pressure to broader market dynamics rather than problems specific to Palantir's business. The pullback appeared driven by macroeconomic and valuation concerns rather than company-specific news, with investor sentiment remaining tied to changing risk appetite across the technology sector.

Palantir has been one of the most volatile large-cap technology stocks this year. Shares are trading about 36% below their all-time high of $207.52, a level reached late last year, and the stock fell as low as roughly $106 in late June before rebounding nearly 23%. Even after that bounce, the shares remain well off their highs, and closed at $129.04 on Thursday before ticking higher in premarket trading Friday.

Several factors have been cited for the stock's recent weakness. A........

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