White House · Donald Trump · Anthropic · Palantir · Sherwood News
Investors were selling Palantir shares again on Friday, with the stock falling as much as 6% before stabilizing
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At its worst moments, the sell-off put the retail favorite on track for its worst weekly loss (more than 16%) since February 2021.
Key facts
- At its worst moments, the sell-off put the retail favorite on track for its worst weekly loss (more than 16%) since February 2021
- Investors were selling Palantir shares again on Friday, with the stock falling as much as 6% before stabilizing, thanks to an assist from the White House
- But Palantir has powerful friends: President Trump posted on Truth Social celebrating the company’s “great war fighting capabilities,” sending the stock higher, though it remained in the red
- The overall negative sentiment seems to stem from Anthropic’s powerful new AI models, at least judging from the latest epistle from Palantir bull Dan Ives at Wedbush Securities
Summary
Investors were selling Palantir shares again on Friday, with the stock falling as much as 6% before stabilizing, thanks to an assist from the White House. But Palantir has powerful friends: President Trump posted on Truth Social celebrating the company’s “great war fighting capabilities,” sending the stock higher, though it remained in the red. The overall negative sentiment seems to stem from Anthropic’s powerful new AI models, at least judging from the latest epistle from Palantir bull Dan Ives at Wedbush Securities:. “Anthropic released a new product around multi-agent orchestration, which continues to add more headwinds to the software sector.