Why Palantir Stock Plunged 34% in the First Half of 2026 and Why the Worst Might Be Over

Why Palantir Stock Plunged 34% in the First Half of 2026 and Why the Worst Might Be Over

The data mining and AI specialist continues to generate results that defy the critics.

Palantir (PLTR) Stock Tumbles 5% Amid Political Scrutiny Over Government Contracts Worth $2.2B

Key Takeaways Shares of Palantir closed approximately 4.8% lower at $127.88 on Wednesday, halting a seven-session rally that had driven the stock up 25%. Concerns emerged following a Financial Times article discussing potential political opposition to Palantir’s government work from Democratic legislators. Federal contract revenues reached approximately $2.2 billion in the twelve months since Trump’s presidential return, marking a 65% annual in…