Palantir Stock Drops on International Weakness Despite Strong U.S. Growth
May 6, 2025 By MarketDepth
Shares of Palantir Technologies (PLTR) dropped 12% on Tuesday, even after the company reported better-than-expected first-quarter revenue. The pullback appears tied to concerns over its international commercial business, which saw a 5% year-over-year decline—falling short of analysts’ expectations.
CEO Alex Karp cited Europe’s slow embrace of AI as a key factor, calling out the region’s hesitancy to invest at scale. With Europe’s share of revenue slipping from 16% to 10% year-over-year, some analysts also pointed to geopolitical perceptions and a push for tech independence as challenges for Palantir abroad.
Despite this, Palantir continues to secure major U.S. government contracts, including deals with ICE and the U.S. Army. While the stock had soared over 60% this year ahead of earnings, the recent dip reflects market sensitivity to global growth prospects.
Read the original article on Yahoo Finance
