Palantir stock price drops as UK defence deal and ICE scrutiny put government work back in focus
Palantir shares fell about 2% to $162.39 in late-morning New York trading Wednesday, bucking gains among other AI stocks. The drop follows news of a £240.6 million UK Ministry of Defence contract and renewed scrutiny of Palantir’s U.S. immigration work. The company reports quarterly results after markets close Feb. 2.