Palantir Sinks on Planned Pentagon Budget Cuts. Is It Time to Sell the Stock?

Palantir Technologies (PLTR -4.63%) shares have been red hot for the past couple of years, but the stock was tumbling after Defense Secretary Pete Hegseth ordered the Pentagon to slash its $850 billion budget by 8%, or about $50 billion. Even more alarming is that the White House is looking to…