Could Palantir's Stock Plummet Even Further if Elon Musk's DOGE Cuts Spending?
Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence (AI) stocks in 2024 but has seen heavy selling pressure alongside its AI peers so far in 2025. While the prevailing fear driving the markets lower right now is centered around the effects of tariffs and a potential trade war, another initiative also affects government spending: the Department of Government Efficiency (DOGE), headed by Elon Musk.This initiative has set out to find wasteful government spending and in particularly audited the number of software licenses available versus the number of users actually using the software. While Palantir's software hasn't popped up in any of these reports yet, it's a company to watch because it derives 40% of its revenue from U.S. government-related sources.So, should investors be worried about the stock with a DOGE cut potentially looming?Continue reading
Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence (AI) stocks in 2024 but has seen heavy selling pressure alongside its AI peers so far in 2025. While the prevailing fear driving the markets lower right now is centered around the effects of tariffs and a potential trade war, another initiative also affects government spending: the Department of Government Efficiency (DOGE), headed by Elon Musk.
This initiative has set out to find wasteful government spending and in particularly audited the number of software licenses available versus the number of users actually using the software. While Palantir's software hasn't popped up in any of these reports yet, it's a company to watch because it derives 40% of its revenue from U.S. government-related sources.
So, should investors be worried about the stock with a DOGE cut potentially looming?
