Palantir shares plunge on news of Pentagon budget cuts order
The share price of Palantir fell by as much as 12%.
The drop followed a report by the Washington Post that Defense Secretary Pete Hegseth has told top Pentagon brass to prepare to cut the U.S. defense budget by 8% each year for the next five years.
Palantir is best known for its contracting work providing software and technology services for defense agencies.
The share price of Palantir fell by as much as 12.5% Wednesday after a report that the Pentagon has been ordered to prepare to cut the U.S. defense budget by 8% each year for the next five years.
Palantir is best known for its contracting work providing software and technology services for defense agencies.
The Washington Post on Wednesday said Defense Secretary Pete Hegseth has ordered senior Pentagon leaders and other military brass to develop plans to slash the defense budget over the next half-decade. The budget for the current fiscal year is around $850 billion.
The Post reported that Hegseth ordered the proposed cuts to be drawn up by Monday.
Palantir closed trading Wednesday at $112.06 per share, a drop of 10%.
The company,
whose market capitalization tops $255 billion, in early February reported $828 million in revenue in the fourth quarter of 2024, with adjusted earnings of 14 cents per share.
The Trump administration has been engaged in a wide-ranging effort to slash government spending, and the number of federal government works, since President Donald Trump was inaugurated for a second non-consecutive term on Jan. 20.
Trump appointed Tesla CEO Elon Musk to oversee that effort, dubbed the "Department of Government Efficiency."
Musk and Trump have come under fire for their methods in achieving DOGE's goal, with some steps being challenged successfully in federal court.
On Tuesday, Palantir CEO Alex Karp, who co-founded the company with Peter Thiel, defended Musk during an appearance on CNBC's "Squawk Box."
"What the progressive left should be doing is saying, 'OK, Elon, you're clearly the most qualified person in the world to do something like this. We want a dialog with you about what you're doing, how you're doing,' " Karp said.
I would not short now. You can short after the 1st rebound
Remember all correction goes through ABC route. It is too late to short A now, so, might as well short at high point of B if you really want to trade for short term
Palantir shares plunge on news of Pentagon budget cuts order
The share price of Palantir fell by as much as 12%.
The drop followed a report by the Washington Post that Defense Secretary Pete Hegseth has told top Pentagon brass to prepare to cut the U.S. defense budget by 8% each year for the next five years.
Palantir is best known for its contracting work providing software and technology services for defense agencies.
The share price of Palantir fell by as much as 12.5% Wednesday after a report that the Pentagon has been ordered to prepare to cut the U.S. defense budget by 8% each year for the next five years.
Palantir is best known for its contracting work providing software and technology services for defense agencies.
The Washington Post on Wednesday said Defense Secretary Pete Hegseth has ordered senior Pentagon leaders and other military brass to develop plans to slash the defense budget over the next half-decade. The budget for the current fiscal year is around $850 billion.
The Post reported that Hegseth ordered the proposed cuts to be drawn up by Monday.
Palantir closed trading Wednesday at $112.06 per share, a drop of 10%.
The company,
whose market capitalization tops $255 billion, in early February reported $828 million in revenue in the fourth quarter of 2024, with adjusted earnings of 14 cents per share.
The Trump administration has been engaged in a wide-ranging effort to slash government spending, and the number of federal government works, since President Donald Trump was inaugurated for a second non-consecutive term on Jan. 20.
Trump appointed Tesla CEO Elon Musk to oversee that effort, dubbed the "Department of Government Efficiency."
Musk and Trump have come under fire for their methods in achieving DOGE's goal, with some steps being challenged successfully in federal court.
On Tuesday, Palantir CEO Alex Karp, who co-founded the company with Peter Thiel, defended Musk during an appearance on CNBC's "Squawk Box."
"What the progressive left should be doing is saying, 'OK, Elon, you're clearly the most qualified person in the world to do something like this. We want a dialog with you about what you're doing, how you're doing,' " Karp said.
"I don't believe that's happened," he added
在本月早些时候发布爆炸性盈利和指引后大幅上涨。
Remember all correction goes through ABC route. It is too late to short A now, so, might as well short at high point of B if you really want to trade for short term
You can see how far A goes, and use that to set stop loss just above .786 for the bounce of B. This way, you can limit your loss even if you bet wrong
觉得PLTR 100要去的。这个卖12亿增加到60亿，杀伤力非常大。CEO来割韭菜，下手这么狠没有见过
明早伺机再看有没有好的做空机会
從長期投資角度看（5年為期），這種砸盤無所謂。短、中期，吃不准是出貨，還是再一波拉升前震倉一一如果都看清，人家怎麼做盤？早破產了。
啊哈哈哈。。。。。。。。。