Palantir Stock Plummets 24.32% with 83 Billion Shares Traded Amid Trade Uncertainty

On April 11, 2025, Palantir Technologies Inc. (PLTR) experienced a significant decline, with its stock price dropping by 24.32% and a trading volume of 83.00 billion. This marked the second consecutive day of decline, with a total decrease of 3.76% over the past two days.

Palantir's stock price surged the previous day following President Trump's announcement of a 90-day pause on "reciprocal tariffs" and a near-universal 10% tariff on all imported goods. This policy shift led to a significant jump in the company's shares, reflecting investor optimism about the potential benefits of the new tariff policy and strong growth prospects.

However, the positive sentiment was short-lived as stocks reversed course on Thursday, posting sharp declines. The trade conflict between the U.S. and China has continued to weigh on investor sentiment, despite the Trump administration's efforts to reassure markets. The baseline 10% tariff that went into effect on April 5 remains in place for all affected imports into the U.S., adding to the uncertainty in the market.

Palantir's stock performance has been closely tied to the broader market's reaction to trade policies. The company's shares had previously shown impressive gains, with a weekly increase of 37.5% earlier in the week. However, the recent volatility highlights the challenges faced by companies operating in a volatile trade environment.