Palantir Stock Suddenly Falls 10% After Report Of Incoming Pentagon Budget Cuts

Die Presse

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Reports of planned cuts in the U.S. Department of Defense have the rates of Palantir and Axon Enterprise pruning down, but there are other reasons that may weigh harder.

sherwood.news

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Potential US defense budget cuts will help Palantir, not hurt it: Wedbush

Analyst Dan Ives thinks the sell-off in the defense and data analytics software company is a buying opportunity....

BizNews.com

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🔒 Palantir shares fall 10% on US defense budget cut concerns

Key topics: Palantir’s government contracts make up over 50% of revenue. US defense cuts may affect Palantir’s lucrative military contracts. CEO Karp calls for more patriotism from Silicon Valley amid uncertainty. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. Support South Africa’s bastion of independent …

Business Insider

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Stock of the day: Palantir's surging stock fell 10% after reports of Pentagon budget cuts

Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.

Benzinga

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Palantir Plunges 5% After Hours As Alex Karp Plans $1.23 Billion Stock Sale, Cramer Urges 'Palanteers' For Support Amid Defense Cuts - Tesla (NASDAQ:TSLA), Palantir Technologies (NASDAQ:PLTR)

Palantir Technologies Inc. shares tumbled over 5% on Wednesday in after-hours trading following reports of potential Pentagon budget cuts and CEO Alex Karp's new stock trading plan rattled investors, marking a sharp reversal for one of the market's top performers.

Bloomberg

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Palantir Drops Over 10% After Report of Pentagon Slashing Budget

Palantir Technologies Inc. shares fell 10% on Wednesday, and continued to slide in after-hours trading, following a report that US Defense Secretary Pete Hegseth plans to slash military spending.