Shares of the artificial intelligence (AI) software company dropped as much as another 6% Monday morning. Even after paring some of that decline, shares are lower by 16% over a two-week span, including the 1.6% drop as of 12:30 p.m. ET today.

The tumble stood in stark contrast to the stock's 147% year-to-date ascent up until that point, a rally driven by fervid retail investors and market-wide excitement around the growth potential of AI.

Palantir Technologies ($PLTR) stock has come under pressure last week, with shares falling nearly 10% and marking the company’s longest losing