CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit, at Carnegie Mellon University in Pittsburgh, Pennsylvania, U.S., July 15, 2025.
Nathan Howard | Reuters
President Donald Trump lauded Palantir in a put up to Truth Social on Friday because the artificial intelligence software program stock plunged 14% for its worst week in a yr.
“Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment,” Trump posted on the social media platform. “Just ask our enemies!!!”
The U.S. army is reportedly using Palantir’s AI-powered Maven Smart System platform to determine targets within the Middle East, tied to strikes on Iran that started in late February. Palantir counts on the federal government, together with the Pentagon and Immigration and Customs Enforcement, for greater than half of its U.S. revenue.
Over the years, CEO Alex Karp vocally supported America’s army and equipping warfighters with the very best instruments. Despite earlier critiques of Trump and previous donations to President Joe Biden‘s marketing campaign, Karp has backed the brand new administration and its insurance policies.
Karp frequently defends Palantir when the corporate is criticized for offering instruments used to surveil immigrants and Americans. His outspoken assist of Israel within the wake of the Oct. 7 assault by Hamas additionally led some workers to go away the corporate, he previously told CNBC.
In October of final yr, Palantir communications chief Lisa Gordon known as the corporate’s political shift towards the Trump administration “concerning” in an interview at an occasion hosted by The Information. The video was rapidly faraway from The Information’s YouTube and social media pages.
Watchdog Citizens for Responsibility and Ethics in Washington, or CREW, mentioned in an electronic mail that Tump’s put up was uncommon, noting that Palantir had sponsored a number of Trump administration occasions and donated to the White House ballroom venture.
CREW mentioned the itemizing of the stock ticker in his put up was probably “an attempt to help the stock price of a major backer that has struggled over the last six months.”
Palantir can also be tied to AI lab Anthropic, which was blacklisted by the Department of Defense after elevating issues about using its instruments for autonomous weapons and authorities surveillance. Palantir makes use of Anthropic and fashions from different AI labs on its platform.
Karp told CNBC final month that Palantir would “phase out” Anthropic’s fashions, however has not carried out so but.
Software shares bought off this week after Anthropic launched its new Mythos mannequin in a limited capacity, citing issues of potential misuse by hackers. Worries that new AI instruments will displace conventional software program fashions have plagued the trade in current months.
Famed brief vendor Michael Burry has been targeting the stock of late, alongside with different AI names. In a put up this week that was subsequently deleted, Burry wrote that Anthropic is “eating Palantir’s lunch.”
Burry again wrote in regards to the firm following Trump’s put up on Friday.
“The stock may catch a wind here,” Burry wrote in a Substack post. “It has been selling off with software stocks. As mentioned, I continue to hold the puts, as I believe the fundamental value of this company is well under $50/share.”
After this week’s hunch, which deepened on the day of Trump’s put up, the stock is buying and selling at about $126.
CNBC’s Lora Kolodny contributed to this article.
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