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CNBC Top News·2 min read

Trump praises Palantir with stock down 14% this week as Iran conflict drags on

Palantir stock drops 14% despite Trump's praise.

President Donald Trump recently praised Palantir Technologies on Truth Social, highlighting the company's military capabilities as its stock faced a significant decline of nearly 15% this week. The drop comes amid ongoing military operations in Iran, where Palantir's AI tools are reportedly being utilized, raising questions about the company's future amidst scrutiny from short sellers like Michael Burry.

Key Takeaways

1.
Palantir's stock fell nearly 15% this week, trading around $127.40.
2.
Short seller Michael Burry criticized Palantir, claiming Anthropic is undermining its value.

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Trump praises Palantir with stock down 14% this week as Iran conflict drags on | Trace