Palantir’s stock (PLTR) price has plummeted 32% since hitting a record high on February 18. This downturn has led to a significant drop in

Planned cuts to defense spending sparked a sell-off for Palantir stock that has continued into this week. Shares have tumbled after touching records.

Palantir stock fell again Tuesday to extend a swift decline from record highs amid investor concerns that the U.S. government could cut spending on the analytical software company