🔒 Palantir shares fall 10% on US defense budget cut concerns
Palantir shares dropped 10% after reports of potential US defense budget cuts, raising concerns over its government contracts.
Palantir shares fall 10% on reports of Pentagon slashing budget
Palantir has closely linked itself to the US government. This week, Chief Executive Officer Alex Karp came out with a new book calling for more patriotism from Silicon Valley, and for tech companies to seek closer ties to the US.
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 Hesgeth plans to slash military spending. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry,
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.
Palantir Stock Suddenly Falls 10% After Report Of Incoming Pentagon Budget Cuts
Software company Palantir Technologies’ stock swiftly fell Wednesday afternoon after The Washington Post reported the Pentagon is preparing for defense budget cuts that must be drafted by Feb. 24, prompting concerns the cuts could impact the major defense contractor.
Palantir shares plunge on news of Pentagon budget cuts order
The Trump administration is engaged in a wide-ranging effort to slash government spending, and reduce the number of federal workers.
Palantir stock drops 10% after report Trump administration eyes large defense budget cuts
Palantir stock fell more than 10% Wednesday following a report the Trump administration is planning deep cuts to the defense budget.
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