Palantir Stock Leads S&P 500 Decliners Monday Amid Defense Spending Cut Concerns | Global News Avenue

Palantir Technologies (bacteria) Stocks fell Monday, in a report last week that the Trump administration directed the Pentagon to create losses Significant cut US Defense Budget.

The company’s stock has fallen by nearly 8% indoormaking it the leading disconnect S&P 500. Data analytics software company’s stock has lost about a quarter of its value since this Washington Post Wednesday Report – A record-breaking height a day ago.

Defense Secretary Pete Hegseth reportedly ordered Pentagon officials to reduce the U.S. defense budget by 8% each year over the next five years. As a contractor for the U.S. military contractor, the concerns raised may be negatively affected.

Some analysts, including Wedbush and Loop CapitalAfter that, the proposed sell-off may offer an opportunity Buy dipping saucePalantir is expected to benefit from efforts to streamline operations in a more stringent spending environment.

Palantir stock is good correct Territory since Tuesday’s record high, but stocks have Approximately four times Value in the past 12 months.