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Palantir Stock Drops: Tech Sector in Turmoil
Wednesday, Jun 4, 2025 10:03 am ET1min read
Palantir Technologies Inc. declined 3.33% intraday, with the company defying the tech gloom as Trump momentum powers performance. The company specializes in the development and marketing of software platforms for the large-scale analysis, integration, and management of data, decisions, and operations, as well as the execution of software in various environments. Net sales break down by market between government institutions (54.9%) and commercial enterprises (45.1%). Net sales are distributed geographically as follows: The United States (61.9%), the United Kingdom (10.6%) and other (27.5%).
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