{"id":63228,"date":"2025-02-20T12:36:34","date_gmt":"2025-02-20T17:36:34","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=63228"},"modified":"2025-02-20T12:36:34","modified_gmt":"2025-02-20T17:36:34","slug":"stock-market-news-palantir-technologies-plunge-by-10-22-while-tesla-is-down-by-1-87-during-midday-trading","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/stock-market-news-palantir-technologies-plunge-by-10-22-while-tesla-is-down-by-1-87-during-midday-trading\/63228\/","title":{"rendered":"Stock market news: Palantir Technologies plunge by 10.22% while Tesla is down by 1.87% during midday trading"},"content":{"rendered":"

As of 12:20 PM EST, tech and retail stocks show mixed performance during the midday trading session. <\/span>Palantir Technologies Inc.<\/b> saw its stock price fall to <\/span>100.61 USD<\/b>, a sharp decline of <\/span>-10.22%<\/b>, bringing its market cap to <\/span>16.65 B USD<\/b>. As reported by the Washington Post, Donald Trump has advised the Pentagon to plan for extensive budget cuts for the upcoming five years, adding to the stock\u2019s decline.\u00a0<\/span><\/p>\n

NVIDIA Corporation (NVDA)<\/b> traded at <\/span>139.66 USD<\/b>, posting a modest gain of <\/span>+0.31%<\/b>, with its market cap standing at <\/span>3.42 T USD<\/b>. However, <\/span>Tesla, Inc. (TSLA)<\/b> experienced a decline of <\/span>-1.87%<\/b>, with shares trading at <\/span>353.82 USD<\/b> and a market cap of <\/span>1.14 T USD<\/b>. The EV company\u2019s stock is on a decline due its weak first-quarter sales and the risks and rewards associated with the company\u2019s CEO Elon Musk.\u00a0<\/span><\/p>\n

Super Micro Computer, Inc. (SMCI)<\/b> saw a slight increase of <\/span>+0.28%<\/b>, with its stock price at <\/span>60.42 USD<\/b> and a market cap of <\/span>35.38 B USD<\/b>, the stock has shown positive signs after declining in early trading today. Meanwhile, <\/span>Microsoft Corporation (MSFT)<\/b> traded at <\/span>418.15 USD<\/b>, up by <\/span>+0.81%<\/b>, and its market cap reached <\/span>3.11 T USD<\/b>. The stock has grown marginally after the company revealed its <\/span>Majorana 1 chip on Wednesday, resulting in the stock\u2019s surge.\u00a0<\/span><\/p>\n

Meta Platforms, Inc. (META)<\/b> shares fell by <\/span>-0.98%<\/b> to <\/span>696.90 USD<\/b>, while its market cap stood at <\/span>1.77 T USD<\/b>. On the other hand, <\/span>Apple Inc. (AAPL)<\/b> gained <\/span>+0.59%<\/b>, with its shares priced at <\/span>246.32 USD<\/b> and a market cap of <\/span>3.7 T USD<\/b>.<\/span><\/p>\n

Finally,<\/span> Walmart Inc. (WMT)<\/b> saw a significant drop of <\/span>-6.60%<\/b>, with its stock trading at <\/span>97.14 USD<\/b> and its market cap at <\/span>780.36 B USD<\/b>, after the retail-giant company\u2019s <\/span>revenue and profit projections for FY 2026 came below investor estimates.<\/span><\/p>\n

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.\u00a0<\/span><\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Palantir Technologies Inc. saw its stock price fall to 100.61 USD, a sharp decline of -10.22%, bringing its market cap to 16.65 B USD.<\/p>\n","protected":false},"author":433,"featured_media":52283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[284,22414,23237,3934,18616,12763,153,4940],"class_list":["post-63228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-apple","tag-meta-platforms","tag-microsoft-corporation","tag-nvidia","tag-palantir-technologies","tag-super-micro-computer","tag-tesla","tag-walmart"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/63228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/433"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=63228"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/63228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/52283"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=63228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=63228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=63228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}