Palantir Technologies Inc. is trading 3.5% down at $129.99 following reports that France’s internal intelligence agency, the DGSI, will replace the company's software with a domestic alternative, Chapsvision.
- The move underscores intensifying pressure from Europe’s digital-sovereignty push, occurring despite the DGSI having renewed its contract with Palantir only six months ago.
- Broader markets are currently mixed, offering little support for the stock as investors react to the loss of the high-profile French government contract.