Palantir (PLTR) Stock Price & Analysis: Can The Data Giant Weather The Tariff Storm?
TLDR
- Palantir stock fell 10.6% on Friday amid broader market selloff
- Trump announced sweeping new tariffs, including 34% on Chinese imports
- China responded with 34% tariffs on U.S. goods, escalating trade tensions
- Despite being software-based with limited direct tariff exposure, PLTR is affected by recession fears
- Palantir’s P/E ratio remains above 400, making it vulnerable to market uncertainty
Palantir Technologies saw its stock plummet on Friday as global markets reacted to an escalating trade war. The data analytics company’s shares dropped by 10.6% as of Friday afternoon, with the stock falling as much as 14% earlier in the day.
The sharp decline came as both the S&P 500 and Nasdaq Composite fell more than…
