Palantir Technologies Inc. (NASDAQ: PLTR) ended Friday, December 12, 2025, under pressure as the broader “AI trade” cooled off across U.S. tech, even while Palantir-specific headlines (including a closely watched legal fight involving rival startup Percepta AI) remained in focus. [1]
Below is a detailed, publication-ready breakdown of PLTR’s after-the-bell setup, the most important news and analysis dated Dec. 12, 2025, and the key items to monitor before the next regular U.S. trading session.
PLTR after the bell: where Palantir stock stands on Dec. 12, 2025
Palantir shares finished the regular session around the mid-$183 area, down roughly 2% on the day, after a volatile intraday range that saw the stock trade from the high-$170s to the mid-$180s. [2]
In early after-hours trading, PLTR was little changed: $183.45 at 4:30 p.m. ET, down -$0.12 (-0.07%) from the regular-session close listed by that venue. [3]
Key price/flow snapshot (Dec. 12):
- Close: about $183.6 (varies slightly by data source) [4]
- Day range: roughly $177.7 – $186.4 [5]
- Market cap: about $447B (at the time of the quote snapshot) [6]
- 52-week range: roughly $63.40 – $207.52 [7]
Important context for your “before the open” plan: after-hours prices can move on thin liquidity and may not reflect where the stock will trade when normal volume returns.
First, a calendar reality check: there is no U.S. market open on Dec. 13, 2025
Because December 13, 2025 is a Saturday, U.S. equities (including Nasdaq-listed PLTR) are closed for the weekend. Standard U.S. exchange hours are Monday–Friday, 9:30 a.m. to 4:00 p.m. ET. [8]
That means the “next open” for most investors is Monday, December 15, 2025 (with premarket in the hours beforehand, depending on your broker).
Why Palantir fell Friday: the AI trade cooled off across tech
1) Wall Street hit the brakes on AI-linked valuations
A major driver of Friday’s tape was a tech-led pullback tied to renewed worries about how quickly massive AI spending converts into durable profits. Reuters tied the move to fallout from Oracle’s report and broader jitters about AI-related capital expenditures and margins. [9]
The Financial Times similarly reported a sharp slide in U.S. tech shares tied to AI-boom fears, noting Palantir among the names that declined as sentiment shifted. [10]
The Associated Press framed Friday as one of the market’s rougher sessions in weeks, with notable pressure concentrated in big tech and AI-adjacent names. [11]
What that means for PLTR: even when Palantir has company-specific catalysts, it often trades with the broader AI/momentum basket—especially when rates, megacap leadership, or semiconductors swing the Nasdaq.
The biggest Palantir-specific headline in the air: the Percepta AI lawsuit escalation
One of the most discussed Palantir-related developments around this window is the company’s expanded legal action involving Percepta, a rival AI startup launched by former Palantir employees.
- The Wall Street Journal reported Palantir expanded its lawsuit and named Percepta’s CEO/co-founder and other former employees, alleging a broad effort to poach employees and customers and misuse confidential information; Percepta denied wrongdoing. [12]
- Coverage also circulated through outlets summarizing the court fight and the underlying claims in filings. [13]
Why markets care: headline litigation doesn’t always move a mega-cap-sized stock day-to-day, but investors watch these cases for:
- potential reputational spillover,
- potential discovery revealing competitive details,
- and whether management attention gets pulled into prolonged legal battles.
For Monday’s session, this story matters less for “earnings math” and more as a headline-risk variable that can jolt sentiment.
The bullish counterweight investors are still pricing in: major defense wins and government momentum
Even on a red day for tech, Palantir remains supported by a narrative that it is becoming a core software provider for U.S. defense and security programs.
1) The U.S. Navy “ShipOS” contract storyline is still fresh
This week’s standout contract news: Palantir winning a deal widely described as roughly $448 million, tied to using software/AI to help manage supply-chain and production challenges in naval shipbuilding (including the submarine industrial base). [14]
Investor’s Business Daily highlighted the contract and framed it as potentially significant relative to earlier defense programs, citing analyst commentary. [15]
Barron’s emphasized how the contract could expand beyond submarines into other platforms and contextualized Palantir’s defense footprint. [16]
2) Defense-manufacturing tie-ins: L3Harris partnership
Axios reported that an L3Harris–Palantir collaboration has produced measurable operational gains in manufacturing processes tied to night-vision production—another example of Palantir selling outcomes, not just software seats. [17]
Why this matters for “before the open”: these contract/partner headlines are the kind of news flow that can reappear as follow-on announcements, expansions, or commentary—particularly when the market is looking for “proof points” of AI monetization beyond hype.
Dec. 12 analyst and market commentary: bullish momentum vs. valuation gravity
A big reason Palantir remains a high-volatility ticker is that it is simultaneously:
- a momentum favorite (retail + institutional attention), and
- a valuation battleground (where skeptics argue years of growth are already priced in).
“Santa Claus rally” framing (momentum case)
A MarketBeat analysis syndicated on Investing.com argued PLTR had climbed sharply since late November and was within reach of its post-earnings all-time high zone—while warning that valuation still makes the stock vulnerable to sharp pullbacks on disappointment. [18]
The same piece pointed to:
- Palantir’s deal momentum (including a cited figure of 204 deals of $1M+ in the quarter),
- and a steady stream of new partnerships (including energy/sports/defense references). [19]
Valuation debate (the bear case that won’t go away)
A Nasdaq-hosted Motley Fool commentary (dated Dec. 12) put hard numbers on the valuation concern, highlighting extremely high price-to-sales and forward P/E metrics and arguing the stock could be vulnerable if the market “re-rates” growth multiples. [20]
A separate Nasdaq-hosted Motley Fool piece (also Dec. 12) discussed why a stock split is not a near-term necessity, emphasizing that:
- Palantir has not split since its IPO,
- the stock price is still under ~$200,
- and valuation (not share price) is the bigger investor sticking point. [21]
Street consensus snapshot
MarketWatch’s analyst-estimate page listed an average target price around $189.40 with 27 ratings (as displayed on that snapshot), suggesting the “Street middle” remains more cautious than the stock’s most bullish narratives. [22]
TradingView’s aggregated forecast section shows a very wide range of analyst outcomes (illustrating just how dispersed expectations are for PLTR). [23]
Technical levels investors are watching into the next session
While long-term investors focus on contracts and adoption, short-term price action still matters because PLTR often trades like a momentum name.
A few widely referenced “map points” based on the Dec. 12 commentary and technical pages:
- $180 area: often discussed as a key zone because it’s near commonly referenced moving averages in market commentary. [24]
- Mid-to-high $180s: where the stock repeatedly struggled during parts of the session, based on trader commentary and intraday supply discussions. [25]
- $207.52 region: a psychologically important reference point because it’s cited as the all-time high reached after the Nov. 3 earnings reaction. [26]
Also worth noting: Investing.com’s technical page listed moving averages that—on that model—still leaned toward “Buy” signals (a reminder that pullbacks can coexist with longer uptrends). [27]
What to know before the next market open: a practical checklist for PLTR holders and watchers
Since U.S. markets are closed Saturday (Dec. 13), think of this as your weekend-to-Monday playbook:
1) Watch the AI “tape” first, PLTR second
Friday’s move was heavily macro/sector driven. If semis and AI bellwethers stabilize, PLTR often stabilizes with them; if they keep sliding, PLTR can stay pressured regardless of company news. [28]
Actionable idea: before Monday’s open, check where the broader Nasdaq/AI complex sentiment is heading, not just Palantir headlines.
2) Lawsuit headlines can hit at any time
The Percepta AI litigation is a headline-risk story. Any new filing, comment, or leak can move the stock intraday—even if fundamentals don’t change overnight. [29]
Actionable idea: if you trade short-term, plan your position sizing assuming a surprise headline could widen spreads and increase volatility.
3) Defense contract momentum remains the longer-term support narrative
Investors continue to weigh Palantir’s expanding footprint in defense/manufacturing against valuation concerns. The Navy ShipOS narrative and follow-on commentary may continue to surface. [30]
Actionable idea: watch for any weekend coverage that reframes ShipOS (scope expansion, budget commentary, competitive landscape).
4) Don’t ignore valuation—because the market won’t
Multiple Dec. 12 analyses came back to the same point: even bulls often acknowledge PLTR is priced for strong execution. [31]
Actionable idea: if PLTR rallies, expect “valuation pushback” headlines; if it dips, expect “is this the bubble breaking?” narratives. Both can drive short-term swings.
5) Know your next catalyst dates (and the uncertainty around them)
Third-party calendars disagree on the exact timing of Palantir’s next earnings report—some show early February estimates, while other platforms show mid-February timing. [32]
Actionable idea: treat earnings timing as unconfirmed until Palantir posts it on its Investor Relations site, and avoid building a high-leverage trade on a date that may shift.
Bottom line: the after-hours read for Dec. 12
Palantir’s after-hours trade on Dec. 12 looked calm relative to the day’s intraday volatility—suggesting the close was more about sector-level risk-off than a single PLTR-specific shock. [33]
But heading into the next regular session, PLTR remains a high-beta AI name with two powerful forces pulling in opposite directions:
- Bull case: expanding government/defense wins and broader commercial adoption narratives (ShipOS and other partnerships remain headline tailwinds). [34]
- Bear case: valuation sensitivity, where even small disappointments—or broader AI skepticism—can trigger sharp repricing. [35]
References
1. www.ft.com, 2. www.investing.com, 3. public.com, 4. www.investing.com, 5. www.investing.com, 6. www.marketwatch.com, 7. www.marketwatch.com, 8. www.tradinghours.com, 9. www.reuters.com, 10. www.ft.com, 11. apnews.com, 12. www.wsj.com, 13. dataconomy.com, 14. www.investors.com, 15. www.investors.com, 16. www.barrons.com, 17. www.axios.com, 18. www.investing.com, 19. www.investing.com, 20. www.nasdaq.com, 21. www.nasdaq.com, 22. www.marketwatch.com, 23. www.tradingview.com, 24. www.investing.com, 25. www.tradingview.com, 26. www.investing.com, 27. www.investing.com, 28. www.reuters.com, 29. www.wsj.com, 30. www.investors.com, 31. www.investing.com, 32. www.wallstreethorizon.com, 33. public.com, 34. www.investors.com, 35. www.nasdaq.com
