Palantir becomes a 'Trump trade' as investors bet on higher defence spending

Contributing sentiments towards policy:

57% : However, Thiel turned down a request by Trump to donate to his campaign this election cycle.Lonsdale, who left Palantir in 2009, is close to Musk and has been primed for a potential role in the Trump transition team, according to people familiar with the matter.
54% : "Trump is going to be a man on a mission, especially in Israel and Ukraine," said Roger Monteforte, chief executive of Forte Capital Group, a Palantir investor.
48% : That surge marked a bigger jump than chipmaker Nvidia in the past 12 months, and pushed Palantir to a larger market cap than Lockheed Martin, one of the biggest defence prime contractors in the US.Palantir, which was founded by technology veterans including Peter Thiel, Joe Lonsdale and Alex Karp in 2003, helps governments and corporations collate and analyse vast troves of data to identify complex patterns and construct detailed intelligence that can be used to improve their operations.
44% : Investors are betting that Palantir is well-positioned for higher government spending on defence under Trump.
38% : "Palantir was attacked by advocacy groups over its contracts with Immigrations and Customs Enforcement under the previous Trump administration, which accused it of facilitating efforts to deport millions of immigrants from the US and contributing to human rights abuses.

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