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Palantir stock declines following expansion of Microsoft partnership

Yahoo Finance

Yahoo Finance Live’s Brad Smith breaks down the decline in stock for Palantir.

Video transcript

BRAD SMITH: We got to check in on one of our trending tickers today. Shares of Palantir on the move after announcing an expansion of its partnership with Microsoft from the private sector to the public sector.

Now, this move would bring cloud components to the federal marketplace. The milestone enables US government customers and industry partners to access Palantir and Microsoft Secure integrated and enterprise-grade capabilities. Shares of Palantir, though, they're slugging on the day. They're down by about 2.3% right now.