Palantir (PLTR) Plummets on Security Concerns from Army Memo

Palantir (PLTR) shares fell sharply Friday after a U.S. Army memo flagged security gaps in the Next-Generation Command & Control (NGC2) battlefield system, developed with Anduril and Microsoft. The memo described the system as “very high risk,” citing uncontrolled data access and lack of user monitoring.

Palantir denied the claims, calling the report outdated and inaccurate, and emphasized that no vulnerabilities were found in its own platform.

The stock closed down 7.47% at $173.07, before regaining 1.36% to $175.43 in after-hours trading.