Bloomberg's Democratic subpoena-risk report helps drive Palantir down amid AI weakness

 

• Bloomberg reported at 7:00 ET that Democrats could gain subpoena power after midterms.
• The report named Palantir among companies preparing for investigations into Trump administration cooperation.
• Potential scrutiny includes government contracting and technology used to facilitate immigration enforcement.
• Shares opened above Thursday's close, then fell 7.5% from today's opening price.
• That pattern fits regular-session repricing of the morning report, not overnight panic.
• AI peers AMD, Broadcom and Microsoft also traded lower near midday.
• However, Apple and Nvidia were positive, making politics the stronger company-specific explanation.
• No fresh earnings, filing or downgrade surfaced; the drop doubled its monthly range.

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