How much is this movement also a reaction to the news about the CEO changing his plan to sell his shares in PLTR?<p><a href="https://markets.businessinsider.com/news/stocks/palantir-pltr-ceo-alex-karp-to-sell-1-2-billion-of-company-stock-1034381909" rel="nofollow">https://markets.businessinsider.com/news/stocks/palantir-plt...</a>
This isn't the thing the pentagon or any strategic intelligence agency is going to cut longterm. Much though it grieves me, I'd say any contract cuts will be short lived because they want the Intel.
Maybe also relevant, Karp is a seller at the current valuation:
<a href="https://markets.businessinsider.com/news/stocks/palantir-pltr-ceo-alex-karp-to-sell-1-2-billion-of-company-stock-1034381909" rel="nofollow">https://markets.businessinsider.com/news/stocks/palantir-plt...</a>
This shows how naive and unprepared the market and general public in the US is for blatant political corruption. This is a Thiel company. The administration will double down on Palantir because their cofounder and chair helped fund the current administration's election. Just like how they will benefit Musk's companies.