PLTR Stock Recovers After Trump’s Endorsement – US President Says Palantir Has Proven To Have ‘Great War Fighting Capabilities’

President Donald Trump endorsed Palantir Technologies Inc. (PLTR) on Friday, helping the stock stage a recovery, with the stock hovering 2% lower after falling by over 6% earlier in the day.

“Palantir Technologies (PLTR) has proven to have great war-fighting capabilities and equipment. Just ask our enemies!!!” President Trump stated in a post on Truth Social.

Palantir shares were down nearly 2% in Friday morning’s trade, while the stock was the top trending ticker on the platform at the time of writing.

This comes at a time when Palantir has come under growing pressure from AI startup Anthropic. Earlier this week, “The Big Short” investor Michael Burry stated in a now-deleted post on X that Anthropic is eating Palantir’s lunch.

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