- Palantir shares fell roughly 6% after Google introduced Gemini 3.8 Flash Cyber for governments, critical-infrastructure entities and approved security partners.
- The competitive news pressured Palantir after a 48% August rally, with institutional selling and rotation out of software adding to the decline.
- Palantir’s market capitalization was about 49.8 times projected FY26 revenue, leaving limited tolerance for slower growth or pricing pressure.
- Palantir reported Q2 revenue growth of 93% to $1.935 billion and said U.S. government revenue represented 41.8% of total revenue.
Quotes
“Demand for AI sovereignty has now been unleashed.”