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Business
Chris Markoch

Palantir Stock Holds Support, Despite Political Backlash

Palantir PLTR MarketBeat

Palantir Technologies Inc. (NASDAQ: PLTR) stock finished about 3% lower at the market close on June 6. The stock is up over 67% in 2025 and over 400% in the last 12 months, so a pullback at the all-time high isn’t unexpected.

However, the company is facing headwinds over concerns that its software will be used to create a surveillance state. This stems from the federal government’s announcement that it intends to use Palantir technology to consolidate federal data.

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