Palantir Technologies (PLTR) shares extend losses in Thursday's pre-market after the Trump administration ordered Defense Secretary Pete Hegseth to enact an 8% cut in military spending every year for the next five years.

Palantir’s (PLTR) share price plummeted by as much as 12.5% on Wednesday after a report by The Washington Post said that the Pentagon is

Software company Palantir Technologies’ stock swiftly fell Wednesday afternoon after The Washington Post reported the Pentagon is preparing for defense budget cuts that must be drafted by Feb. 24, prompting concerns the cuts could impact the major defense contractor.