Palantir Office Blocked Over Israel Support, Stock Trades 24% Below 52-Week High — Are You Buying The Dip?

Palantir Technologies Inc PLTR CEO Alex Karp reaffirmed that the data analytics firm is “supporting Israel in every way.”

That support resulted in the company’s UK office being blocked on Thursday by activists from Healthcare Workers for Palestine.

What Happened: Activists outside of Palantir’s UK offices expressed distrust with Palantir’s having patient data.

“This new deal [with Palantir] doesn’t just affect me as a doctor,” Harriet, a protest organizer who works as a junior doctor in the National Health Service (NHS), told Middle East Eye.

“They have been involved in racial profiling of marginalized communities in America and supporting the Israeli occupation. If they have our patient data, I do not trust that they will use it ethically,” she added.

Related: Palantir Lands Central Role In NHS England For Patient Data Handling — Stock Hits New 52-Week High

NHS England awarded the company with a seven-year, $415 million contract to build a data platform.

After having a good stride for most of the year, Palantir’s stock has paused over the past month. It is down over 15% over the past month.

The stock is 24% below its 52-week high of $21.85. While temporary headwinds such as the repercussions of the Israel-Hamas war, potential disagreements over data ownership with the U.S. Army, etc., continue to pull down the stock, fundamentals remain solid.

Palantir, founded by Peter Thiel, is a well-known artificial intelligence (AI) play. Read:

• Palantir CEO Alex Karp Declares Market Disruption With Artificial Intelligence
• Palantir On Track To Garner Meaningful Share Of $1 Trillion Global AI Market, Analyst Says After AIP Conference
• Palantir Seals Whopping Deal With Pentagon For AI Expansion

For those who continue to believe in the fundamental strength of Palantir’s business, the current slide may be a buy-the-dip opportunity.

Cathie Wood‘s Ark Invest has been doubling down on Palantir stock amid correction, buying over $27 million worth of stock recently.

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