Palantir Stock Drops 10% After Report of Pentagon Slashing Budget

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Palantir Stock Drops 10% After Report of Pentagon Slashing Budget

Bloomberg02-20

Palantir 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.Palantir, which has ...

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Avenite
·02-20
Here comes the opportunity for latecomers!
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Randomppl
·02-20
I disagree - cutting budget would mean using more automation aka AI instead of old processes
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ICEsh00ter
·02-20
to infinity & beyond 🚀
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Babyfund
·02-20
Warren Buffet: "Be greedy when others are fearful."
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Drops 10% After Report of Pentagon Slashing Budget\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-20 06:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir 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.Palantir, which has ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","PLTR":"Palantir Technologies Inc.","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4023":"应用软件","BK4543":"AI"},"source_url":"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2512437590","content_text":"Palantir 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.Palantir, which has seen its stock soar by almost 50% this year, is a major US defense contractor in addition to selling its technology and artificial intelligence products to other allied governments and private companies.“Palantir’s US government segment growth — more than 40% in the past two quarters — may have much greater exposure to any cuts in the US defense budget,” Bloomberg Intelligence analyst Mandeep Singh wrote in a note. He added that the government sales make up more than half of the company’s total revenue.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.On Wednesday, the Washington Post reported that Hegseth has ordered senior military leaders to develop plans for cutting 8% from the defense budget in each of the next five years, according to a memo sent to senior officials. Bloomberg previously reported news of the intended cuts, before distribution of the memo.","news_type":1,"symbols_score_info":{"PLTR":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":405595313742048,"gmtCreate":1740035116195,"gmtModify":1740035119958,"author":{"id":"4111232971853322","authorId":"4111232971853322","name":"Randomppl","avatar":"https://community-static.tradeup.com/news/005341a3e15e69d5ea7f2bd3b93120fb","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"4111232971853322","authorIdStr":"4111232971853322"},"htmlText":"I disagree - cutting budget would mean using more automation aka AI instead of old processes&nbsp;","listText":"I disagree - cutting budget would mean using more automation aka AI instead of old processes&nbsp;","text":"I disagree - cutting budget would mean using more automation aka AI instead of old processes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/405595313742048","repostId":2512437590,"repostType":2,"repost":{"id":"2512437590","kind":"highlight","pubTimestamp":1740005293,"share":"https://ttm.financial/m/news/2512437590?lang=&edition=fundamental","pubTime":"2025-02-20 06:48","market":"us","language":"en","title":"Palantir Stock Drops 10% After Report of Pentagon Slashing Budget","url":"https://stock-news.laohu8.com/highlight/detail?id=2512437590","media":"Bloomberg","summary":"$Palantir(PLTR)$ stock lost 10% on Wednesday, losing ground quickly in the final hour of trading after a Washington Post report said the Trump administration has told the Pentagon to plan for large bu","content":"<div>\n<p>Palantir 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.Palantir, which has ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Drops 10% After Report of Pentagon Slashing Budget\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-20 06:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir 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.Palantir, which has ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","PLTR":"Palantir Technologies Inc.","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4023":"应用软件","BK4543":"AI"},"source_url":"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2512437590","content_text":"Palantir 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.Palantir, which has seen its stock soar by almost 50% this year, is a major US defense contractor in addition to selling its technology and artificial intelligence products to other allied governments and private companies.“Palantir’s US government segment growth — more than 40% in the past two quarters — may have much greater exposure to any cuts in the US defense budget,” Bloomberg Intelligence analyst Mandeep Singh wrote in a note. He added that the government sales make up more than half of the company’s total revenue.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.On Wednesday, the Washington Post reported that Hegseth has ordered senior military leaders to develop plans for cutting 8% from the defense budget in each of the next five years, according to a memo sent to senior officials. Bloomberg previously reported news of the intended cuts, before distribution of the memo.","news_type":1,"symbols_score_info":{"PLTR":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":405389160898720,"gmtCreate":1740010613521,"gmtModify":1740010617750,"author":{"id":"3568262728204718","authorId":"3568262728204718","name":"ICEsh00ter","avatar":"https://static.tigerbbs.com/e8d9d76c266e1d33abd00a525a8a445c","vip":1,"crmLevel":12,"crmLevelSwitch":1,"idStr":"3568262728204718","authorIdStr":"3568262728204718"},"htmlText":"to infinity &amp; beyond 🚀","listText":"to infinity &amp; beyond 🚀","text":"to infinity & beyond 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/405389160898720","repostId":2512437590,"repostType":2,"repost":{"id":"2512437590","kind":"highlight","pubTimestamp":1740005293,"share":"https://ttm.financial/m/news/2512437590?lang=&edition=fundamental","pubTime":"2025-02-20 06:48","market":"us","language":"en","title":"Palantir Stock Drops 10% After Report of Pentagon Slashing Budget","url":"https://stock-news.laohu8.com/highlight/detail?id=2512437590","media":"Bloomberg","summary":"$Palantir(PLTR)$ stock lost 10% on Wednesday, losing ground quickly in the final hour of trading after a Washington Post report said the Trump administration has told the Pentagon to plan for large bu","content":"<div>\n<p>Palantir 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.Palantir, which has ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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He added that the government sales make up more than half of the company’s total revenue.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.On Wednesday, the Washington Post reported that Hegseth has ordered senior military leaders to develop plans for cutting 8% from the defense budget in each of the next five years, according to a memo sent to senior officials. Bloomberg previously reported news of the intended cuts, before distribution of the memo.","news_type":1,"symbols_score_info":{"PLTR":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":405376604553600,"gmtCreate":1740007634703,"gmtModify":1740007637832,"author":{"id":"3568874789319834","authorId":"3568874789319834","name":"Babyfund","avatar":"https://static.tigerbbs.com/233fb499d582b7c1103d9006b53c46ab","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3568874789319834","authorIdStr":"3568874789319834"},"htmlText":"Warren Buffet: \"Be greedy when others are fearful.\"","listText":"Warren Buffet: \"Be greedy when others are fearful.\"","text":"Warren Buffet: \"Be greedy when others are fearful.\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/405376604553600","repostId":2512437590,"repostType":2,"repost":{"id":"2512437590","kind":"highlight","pubTimestamp":1740005293,"share":"https://ttm.financial/m/news/2512437590?lang=&edition=fundamental","pubTime":"2025-02-20 06:48","market":"us","language":"en","title":"Palantir Stock Drops 10% After Report of Pentagon Slashing Budget","url":"https://stock-news.laohu8.com/highlight/detail?id=2512437590","media":"Bloomberg","summary":"$Palantir(PLTR)$ stock lost 10% on Wednesday, losing ground quickly in the final hour of trading after a Washington Post report said the Trump administration has told the Pentagon to plan for large bu","content":"<div>\n<p>Palantir 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.Palantir, which has ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Drops 10% After Report of Pentagon Slashing Budget\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-20 06:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir 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.Palantir, which has ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","PLTR":"Palantir Technologies Inc.","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4023":"应用软件","BK4543":"AI"},"source_url":"https://www.bloomberg.com/news/articles/2025-02-19/palantir-drops-over-10-after-report-of-pentagon-slashing-budget","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2512437590","content_text":"Palantir 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.Palantir, which has seen its stock soar by almost 50% this year, is a major US defense contractor in addition to selling its technology and artificial intelligence products to other allied governments and private companies.“Palantir’s US government segment growth — more than 40% in the past two quarters — may have much greater exposure to any cuts in the US defense budget,” Bloomberg Intelligence analyst Mandeep Singh wrote in a note. He added that the government sales make up more than half of the company’s total revenue.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.On Wednesday, the Washington Post reported that Hegseth has ordered senior military leaders to develop plans for cutting 8% from the defense budget in each of the next five years, according to a memo sent to senior officials. Bloomberg previously reported news of the intended cuts, before distribution of the memo.","news_type":1,"symbols_score_info":{"PLTR":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":16,"commentSize":4,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}