Palantir shares fall 10% on US defense budget cut concerns

Palantir shares fall 10% on US defense budget cut concerns

Palantir shares dropped 10% after reports of potential US defense budget cuts.
Published on: 

Key topics:

  • Palantir's government contracts make up over 50% of revenue.
  • US defense cuts may affect Palantir's lucrative military contracts.
  • CEO Karp calls for more patriotism from Silicon Valley amid uncertainty.

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By Lizette Chapman

___STEADY_PAYWALL___

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