Jefferies downgraded Palantir (PLTR) stock to "Underperform" from a "Hold" rating, while slashing its price target to $13 per share from $18. Jefferies Analyst Brent Thill writes that Palantir still has a long-term AI advantage through the trends of "AI euphoria." Yahoo Finance Live's Josh Lipton and Julie Hyman discuss Palantir's growth in 2023 as it balances its commercial and government enterprises. To hear from Brent Thill of Jefferies on his Palantir downgrade, click here. You can hear more from Dan Ives here. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.