Palantir stock sinks as defense budget cuts threaten growth

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Mon, Feb 24, 2025, 10:49 AM

Palantir (PLTR) stock continues its decline Monday afternoon following Defense Secretary Pete Hegseth's proposal to implement 8% defense budget reductions over the next five years. The news has significantly impacted the data analytics company's stock, marking its steepest four-day slide since 2022.

Wealth host Brad Smith is joined by Madison Mills to analyze Palantir's outlook amid these challenging developments.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Angel Smith