Global Investing
Palantir shares fall 10% on US defense budget cut concerns
Palantir shares dropped 10% after reports of potential US defense budget cuts.
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
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