Key Metrics
14.28
Heat Index-
Impact LevelMedium
-
Scope LevelNational
-
Last Update2025-08-21
Key Impacts
Positive Impacts (3)
Negative Impacts (1)
Event Overview
This event illustrates the complex interplay between financial market enthusiasm and reputational or ethical concerns facing technology firms. Stock performance can remain strong even in the face of negative media coverage or political debate, especially when government contracting opportunities are in play. The situation highlights tensions surrounding corporate involvement in sensitive federal operations, and market resilience in the face of regulatory or public scrutiny.
Collect Records
Palantir Stock Hits New All-Time High Despite Controversy
Palantir (PLTR) stock reached a new all-time high on Wednesday, with shares popping to over $139 in morning trading and up nearly 2.5% to $136.23 in the afternoon. The surge came even as the company faced controversy following a New York Times article published on May 30, which reported that the Trump administration planned to involve Palantir in helping the federal government share data across agencies, with ongoing negotiations between Palantir and the Social Security Administration and Internal Revenue Service. The article raised concerns about privacy and oversight. In response, Palantir stated on June 3 via X: "Palantir never collects data to unlawfully surveil Americans, and our Foundry platform employs granular security protections. If the facts were on its side, the New York Times would not have needed to twist the truth." Palantir's technical ratings include a Relative Strength Rating of 99 out of a possible 99 and an Accumulation/Distribution Rating of B+. Investor sentiment has been buoyed by expectations that Palantir could win more U.S. government business under the Trump administration and continued enthusiasm for generative artificial intelligence applications, despite commercial revenue not yet ramping up. The company is co-founded by Peter Thiel and has connections to several members of the Trump administration, including David Sacks. Elon Musk, who has ties to the company, posted on social media that he regretted some of his comments about Trump, saying they "went too far."