Palantir’s 33% Stock Drop: Is It a Sign to Buy or a Warning?
Investors are becoming concerned after Palantir Technologies Inc.’s stock price dropped by 33% between February 14 and March 3. The company’s federal contracts were jeopardized due to the sell-off, which wiped almost $90 billion in market value, and reports of possible Pentagon budget cuts. Nevertheless, despite the steep fall, Palantir continues to demonstrate remarkable revenue…