Palantir Technologies Inc. is trading 3.1% down at $107.50 following reports that France's domestic intelligence service plans to drop the company's AI data tools in favor of a domestic provider.
- This decision is driven by a desire to avoid “strategic dependency,” according to Prime Minister Sébastien Lecornu.
- The move extends a volatile week for Palantir, which included a 5.5% drop on June 18 and a modest rebound on June 19.