Palantir (PLTR. N) fell sharply after reports that Trump asked the Pentagon to devise plans to cut its budget by 8 percent, the latest drop of more than 12 percent.
Palantir (PLTR. N) rose 18.8 percent in premarket trading as the company forecast higher-than-expected revenue in 2025.
Shares of Palantir (PLTR. N) rallied more than 10 percent and were on track for their highest close since February 2021.