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Palantir Shares Plunge 8% Amid Defense Budget Concerns

2/24/2025

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Summary

Story summary

Palantir Technologies' shares dropped over 8% on Monday, continuing a four-day decline.
Investors are worried about possible U.S. defense budget cuts and a new stock sale plan by CEO Alex Karp.
The stock has fallen about 30% from its 2025 peak earlier this month, despite a remarkable 300% increase over the past year.

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Story summary

Palantir Technologies' shares dropped over 8% on Monday, continuing a four-day decline.
Investors are worried about possible U.S. defense budget cuts and a new stock sale plan by CEO Alex Karp.
The stock has fallen about 30% from its 2025 peak earlier this month, despite a remarkable 300% increase over the past year.