A New Vision From Defense Secretary Hegseth Could Be a Game Changer for Palantir Stock
The Department of Defense is reallocating hundreds of billions in budget spending over the next several years.
It's been a weird year for Palantir Technologies (NASDAQ: PLTR) stock so far. Two months into 2025, Palantir shares gained nearly 7%. This handily outperforms the S&P 500 and Nasdaq Composite, which lost 2% and 6%, respectively. If you were to take that data at face value then you'd think Palantir is having a good year.
However, there is more than meets the eye regarding these returns.
During the month of February, Palantir stock had gained as much as 51%. But guess what? Shares only ended the month roughly 3% higher compared to January.
