Palantir Technologies experienced a significant drop in stock value, falling over 5% in after-hours trading on Wednesday. This sharp decline was prompted by news of possible Pentagon budget cuts and a new stock trading plan announced by CEO Alex Karp, which unsettled investors. The market is reacting strongly to these developments, reversing what has been a positive trend for the company. As these challenges unfold, prominent market commentator Jim Cramer is rallying 'Palanteers' for their support amidst this financial turbulence.