Palantir Shares Drop Over 5% as CEO’s Stock Sale Plan and Pentagon Budget Cuts Fuel Investor Concerns

Benzinga30 sec

Palantir shares continued to slide Thursday, dropping over 5% after a decline on Wednesday. The pullback follows CEO Alex Karp’s stock sale plan disclosure and reported Pentagon budget cut plans. Palantir's continued decline raises concerns that its AI-driven retail investor momentum may be fading. Wall Street remains cautious on the stock LSEG, with analysts maintaining a hold rating and forecasting a decline in Palantir's share price.

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2025