We recently published a list of 10 High Growth Cybersecurity Stocks To Buy In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other high growth cybersecurity stocks to buy.

What Happened? Shares of data-mining and analytics company Palantir (NYSE:PLTR) fell 11.6% in the morning session as markets continued to struggle following the broad selloff triggered by weak economic data in the previous week.

Palantir relies heavily on defense contracts, and any cuts at the Pentagon could materially affect its business. Palantir, which provides AI-driven intelligence to commercial and government clients, is seeing its stock pressured by developments in the Trump Administration's push to cut the Pentagon's budget significantly.