New York, Jan 29, 2026, 05:28 ET — Premarket
- Palantir shares held steady before the bell, following a 5% drop on Wednesday.
- A recent DHS AI inventory highlighted ICE’s deployment of Palantir tools anew.
- Palantir’s quarterly report early next week is the next hurdle for investors.
Palantir Technologies Inc (PLTR.O) shares hovered near $157.35 in light premarket trading Thursday, following a roughly 5% drop the day before.
The drift follows a fresh U.S. Department of Homeland Security AI inventory revealing Immigration and Customs Enforcement’s use of AI in enforcement, including software from Palantir, FedScoop reported. “This inventory is coming out at a moment where there are significant questions about the legality,” Quinn Anex-Ries, a senior policy analyst at the Center for Democracy and Technology, told FedScoop. 1
Palantir faces a tricky moment. Investors have pinned big hopes on its AI narrative, and the stock usually moves fast when news hits about government contracts, oversight, or reputation risks.
A WIRED report on Wednesday revealed that ICE is deploying an AI-driven Palantir tool to sift through and summarize tips from its public tip line, referencing the DHS inventory. The system, called “AI Enhanced ICE Tip Processing,” aims to speed up how investigators pinpoint and act on tips. It churns out a “BLUF” — short for “bottom line up front” — along with translations, the report noted. 2
Palantir closed Wednesday’s session down 5.04%, settling at $157.35 after finishing Tuesday at $165.70. The shares dipped to a low of $157.24, with roughly 44.6 million shares traded. 3
After hours, shares regained some footing, climbing to $158.91 by 7:59 p.m. ET, according to MarketWatch data. 4
Palantir, known for its software that integrates data and drives analytics across organizations, has strong ties to U.S. government contracts and is increasingly targeting commercial clients. The company is promoting its Artificial Intelligence Platform to assist customers in deploying large language models—tools that generate and summarize text—within everyday workflows.
The risk is clear: increased scrutiny of immigration enforcement tools could complicate contract negotiations and slow down procurement, even if the software hasn’t changed. The DHS inventory might also spark a wider discussion about agency use of generative AI and the safeguards in place.
Palantir is set to report its Q4 and full-year 2025 earnings on Monday, Feb. 2, after the market closes. The company will also hold a webcast at 5 p.m. ET. 5
