The double whammy of defense budget cuts and the CEO's massive share sale has added significant uncertainty to the outlook of Palantir.
The 8% annual defense budget cuts for the next five years will undoubtedly pose a significant challenge. Furthermore, the CEO's decision to sell $1.2 billion worth of shares may indicate a change in priorities.
For me, Palantir remains a "wait and see" stock. I'm curious to see how they'll adapt to the shifting defense landscape and identify new revenue streams.
What's your take? Are you holding tight, buying the dip, or avoiding Palantir altogether? Can they navigate these challenges and emerge stronger? Share your thoughts! 😊
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- Sumitha·02-20TOPAlex Karp cancelled previous plan to sell 48.9 mil shares, only selling 9,975,000 shares...so he is planning on keeping more stock of the company.. bullish news!LikeReport
