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Palantir Technologies faces a dual challenge: retail investors are selling off shares to rotate into semiconductors, while the German military has formally rejected the company for defense contracts. Despite strong Q1 revenue growth of 85% to $1.63 billion and raised full-year guidance, Palantir's stock is down 20% year-to-date, indicating a failure of its long-standing market narrative.
The U.S. Army announced late Friday a landmark 10-year contract with defense technology startup Anduril, a deal that could be valued at up to $20 billion. This significant agreement is set to streamline the Army's
