Government Contracts

Palantir Technologies Inc. (PLTR) experienced a significant stock decline following reports of potential defense budget cuts under the Trump administration, raising concerns about the impact on the company which derives more than half of its revenue from government contracts.

Palantir Technologies Inc. experienced a significant stock price drop following reports of potential U.S. defense budget cuts and CEO Alex Karp's plan to sell nearly 10 million shares, raising investor concerns over the company's future performance.