Palantir's Stock Dips Despite Q3 Beat, CEO's 'Anti-Woke' Stance
Update: 2025-11-05
Description
Palantir, the data analytics software company, reported strong Q3 earnings, beating analyst expectations, but its shares dropped by nearly eight percent due to concerns about its valuation. Despite this, the company's stock has surged by 154% year-to-date, driven by its partnership with the U.S. government and a commitment to cultus – a unique identity that CEO Alex Karp describes as anti-woke. Karp's political leanings have been a topic of discussion, as he has criticized the Democratic Party's direction while previously donating to President Biden and Vice President Harris's campaigns. Palantir's success is largely due to U.S. government contracts, which have increased by 52% from last year, and its AI-driven platforms. The company has faced criticism from both sides of the political spectrum regarding its secretive government contracts, which have expanded under the Trump administration.
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