Palantir ( PLTR -3.13%) has been on an incredible run since the start of 2024. At its peak, Palantir's stock has risen 625% since the start of 2024, but that number took a hit when CEO Alex Karp announced a plan to sell up to $1 billion in shares.

Alex Karp said if he were fired from Palantir, he'd move to his "hermit-like location" and focus on his hobbies.

Palantir Technologies (NASDAQ: PLTR) was the best performing member of the S&P 500 (SNPINDEX: ^GSPC) last year. The stock advanced 340% in 2024 as the company delivered a series of strong financial results driven by demand for its artificial intelligence platform.

Palantir Technologies (NASDAQ:PLTR) shares had a brutal day, sinking 10% during regular trading and tumbling another 5% after hours. Investors

It's like, there's this one issue where I might, and then you get boxed into, you cannot solve the problem. And then I would say, what is the biggest problem in this society? Biggest problem in this society from my perspective is legitimacy of our institutions.

Karp believes Big Tech needs to refocus on the military and national security work at the heart of Silicon Valley’s origins.

CEO Alex Karp has moved to sell $1.2 billion worth of the data analytics company’s stock. Discover the Best Stocks

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