Palantir Technologies Inc. (PLTR)
Palantir stock slides over 12% on reports of defence budget cuts
Shares of Palantir tumbled as much as 12.5% on Wednesday following a report that the Pentagon has been directed to prepare for 8% annual defense budget cuts in each of the next five years. Palantir, known for its defense contracting work, provides software and AI-driven analytics to US military and intelligence agencies.
Palantir shares plunge on news of Pentagon budget cuts order
The share price of Palantir fell by as much as 12%. The drop followed a report by the Washington Post that Defense Secretary Pete Hegseth has told top Pentagon brass to prepare to cut the U.S. defense budget by 8% each year for the next five years.
PLTR, MSFT and GOOGL Forecast – US Major Tech Stocks Quiet in Premarket Trading
The US stock market is somewhat quiet in the premarket trading of Wednesday, as seen in some of the largest tech stocks that I follow here at FX Empire.
Palantir to crash over 50%, warns Wall Street analyst
As Palantir (NASDAQ: PLTR) trades at a new all-time high, a Wall Street analyst is sounding caution, detailing key fundamental factors that could work against the stock.
Is Palantir Stock a Buy?
It's hard to overstate the success of Palantir Technologies (PLTR 4.58%). After struggling through its early history as a publicly traded company, the stock has surged since mid-2023, and it's the best-performing stock in the S&P 500 since the start of 2024, now up 584% in a little over a year as of Feb. 13 (Palantir was added to the index in September 2024).
Palantir Technologies (PLTR) Price Prediction and Forecast 2025-2030 For February 18
Shares of Palantir Technologies Inc. (NYSE: PLTR) surged 4.58% on Tuesday alongside the S&P 500 setting a new all-time high. CEO Alex Karp's CNBC interview also acted as a catalyst, during which he praised Elon Musk and the Department of Government Efficiency's efforts to curtail federal spending.
Why Palantir Technologies Stock Rallied on Tuesday
Palantir Technologies (PLTR 4.58%) stock continued to run higher on Tuesday, climbing as much as 4.9%. By the time the market closed, the stock was still up 4.6%.
Palantir Jumped Today -- Is the Red-Hot Artificial Intelligence (AI) Stock Still a Buy?
Palantir (PLTR 4.58%) stock posted another day of gains in Tuesday's trading. The software company's share price closed out the daily session up 4.6% and had been up as much as 4.9% earlier in trading.
Palantir CEO Alex Karp: Everything you learned in school about the world is intellectually incorrect
Palantir co-founder and CEO and ‘The Technological Republic' co-author Alex Karp joins 'Squawk Box' to discuss his new book, why he believes the West has lost its way, Germany's political environment, resetting U.S.-Russia relations, his thoughts on President Trump, Elon Musk's influence in Washington, and more.
S&P 500: Palantir Is One Of This Year's Magnificent Seven Stocks
Move aside Apple, Microsoft, Alphabet and Tesla. There's a new group of Magnificent Seven stocks in the S&P 500.
I Want to Double My $20K—Should I Buy on Palantir or SoundHound?
Investing in the stock market is a long-term game.
Stock-Split Watch: Is Palantir Technologies Next?
Palantir Technologies (PLTR 1.06%) has been a rocket ship since early 2023. In just over 24 months, the stock has gone from under $8 to $115, an incredible 1,700% sprint.
