Market Chatter: Swiss National Bank Urged to Sell $1.1 Billion Palantir Technologies Stakes

MT Newswires Live04-24 17:12

A group of campaigners from Minneapolis urged the Swiss National Bank to sell its $1.1 billion stake in Palantir Technologies (PLTR) due to the company's role in immigration enforcement operations in the US, Reuters reported Friday.

Palantir Technologies won a contract last year to to develop surveillance systems for the US Immigration and Customs Enforcement, the report said.

The Swiss National Bank owned 6.24 million Palantir shares by the end of 2025, Reuters said, citing a company filing.

Palantir Technologies and the Swiss National Bank did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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