PLTR Trims Colossal Rally, Tests Support as Investors Buy Dip

One of 2024's biggest winners had its year-long rally take a step back. Palantir (PLTR) shed 20% since Wednesday afternoon off a report that the Trump administration will trim defense spending, potentially impacting PLTR government contracts. Kevin Green argues the sell-off can be healthy for Palantir. Not only will its stock test a key support level, but investors are taking the opportunity to buy the recent dip.

Next Gen Investing

20 Feb 2025

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