Palantir Sinks on Planned Pentagon Budget Cuts. Is It Time to Sell the Stock?
Palantir Technologies ( PLTR -4.63%) shares have been red hot for the past couple of years, but the stock was tumbling after Defense Secretary Pete Hegseth ordered the Pentagon to slash its $850 billion budget by 8%, or about $50 billion.
Palantir Stock Tumble 10% Amid Defense Budget Reductions
As Palantir shifts from a government data specialist to an AI operating system provider, analysts look to determine how the company's government and commercial streams are evolving. Investors are now reevaluating their positions in the defense sector in case the Pentagon cuts coming up may limit future growth in the sector.
The selloff in Palantir Technologies shares is gaining steam. The data-analytics company's stock has been a wildly popular ...
Palantir Technologies (NASDAQ:PLTR) has been one of the most richly-valued stocks in the stock market. The stock delivered ...
Could Palantir Technologies stock (NASDAQ: PLTR) drop to $60 in the near future from its current price above $120? Does this ...
If you have been following the artificial intelligence (AI) revolution over the past two years, chances are you're familiar ...
Palantir’s stock surge—over 600% in one year, before this week’s slide—has made its CEO Alex Karp a wealthy man. Karp sold ...
After defying gravity for the past couple of years, Palantir Technologies ( PLTR -5.17%) has finally hit turbulence, with the ...
With shares up 410% over the last 12 months, Palantir Technologies (NASDAQ: PLTR) has made its fair share of millionaires out ...
Palantir stock was falling again early Monday after shares slumped last week in response to concern over potential cuts to ...
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