Reported 2 days ago
Palantir's stock plummeted 10% following reports that the Trump administration instructed the Pentagon to cut the U.S. defense budget by 8% over the next five years, a move that could adversely affect military contractors like Palantir, which relies heavily on government contracts. Despite the drop, analysts believe Palantir might still benefit from the administration's focus on efficiency and AI technologies.
Source: YAHOO