Reported about 6 hours ago
Palantir Technologies' shares fell over 10% on Monday, making it the biggest loser on the S&P 500, as concerns arose from a report indicating the Trump administration's directive to cut the U.S. defense budget. This news has prompted fears about the company's future as a military contractor, resulting in a loss of more than 25% of its value since a record high the previous week. Despite the downturn, some analysts suggest this could be a buying opportunity, as the company may adapt positively to the tighter spending environment.
Source: YAHOO