From Yahoo Finance: 2025-05-24 10:37:00

Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp sold over $50 million in company shares this week, leaving him with approximately 6.43 million PLTR shares valued at around $787 million. Other senior executives also offloaded shares as Palantir’s stock climbs, recently surpassing Salesforce in market value and entering the top 10 most valuable U.S. tech companies.

The surge in Palantir Technologies Inc. (NASDAQ:PLTR) is driven by high demand for its artificial intelligence software and new government contracts, pushing the stock up nearly 62% in 2025. Despite concerns about international growth, CEO Alex Karp remains optimistic, stating, “We’re going to partner with the world’s best people and we’re going to dominate.”

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Read more at Yahoo Finance: Palantir Technologies Inc. (PLTR) CEO Sells $50M in Shares as Execs Also Cut Holdings