Palantir stock just had its worst four-day stretch since 2022 and its losing streak is on track to extend to a fifth day. Investors have been fretting about U.S. government spending cuts that could impact the data analytics and military contractor firm’s bottom line.

Palantir's stock plunged as much as 25% over the past week following CEO Alex Karp's adoption of a new stock trading plan and reports that the Pentagon has been directed to reduce the US defense budget.

Shares of Palantir Technologies (PLTR) are down 20% from the all-time high hit earlier this month as CEO Alex Karp plans to sell as many as 10 million shares of PLTR and the Defense Dept. plans to cut its budget by up to $50 billion.