Nevermind that Palantir’s stock price dropped and DOGE is slashing government contracts. Karp thinks his defense tech firm will thrive in a meritocracy.

Palantir ( PLTR 1.67%) has been on an incredible run since the start of 2024. At its peak, Palantir's stock has risen 625% since the start of 2024, but that number took a hit when CEO Alex Karp announced a plan to sell up to $1 billion in shares.

Alex Karp said if he were fired from Palantir, he'd move to his "hermit-like location" and focus on his hobbies.

Palantir’s stock surge—over 600% in one year, before this week’s slide—has made its CEO Alex Karp a wealthy man. Karp sold nearly $2 billion worth of company shares last year, with the bulk of sales taking place in a single month around the presidential election.

Palantir Technologies (NASDAQ: PLTR) was the best performing member of the S&P 500 (SNPINDEX: ^GSPC) last year. The stock advanced 340% in 2024 as the company delivered a series of strong financial results driven by demand for its artificial intelligence platform.

Palantir Technologies (NASDAQ:PLTR) shares had a brutal day, sinking 10% during regular trading and tumbling another 5% after hours. Investors

It's like, there's this one issue where I might, and then you get boxed into, you cannot solve the problem. And then I would say, what is the biggest problem in this society? Biggest problem in this society from my perspective is legitimacy of our institutions.

Karp believes Big Tech needs to refocus on the military and national security work at the heart of Silicon Valley’s origins.

Here’s the Minimum Salary Required To Be Considered Upper-Middle Class in 2025 Apple to open AI server factory in Texas as part of $500 billion U.S. investment Justin Bieber hilariously fought Jeremy Roenick during L.