Palantir's stock fell by 10% following reports of potential cuts to the Pentagon's budget. The company's stock has seen significant volatility, rising 244% over the past six months. Some discussions in the comments center around the political implications of such budget cuts and the close ties between Palantir's leadership and the current administration, particularly highlighting concerns over political influences and market responses to defense contractor profitability amidst budgetary constraints. This situation raises questions about how political decisions impact tech companies that heavily align with government contracts.